Trade Resources Company News China's Zoomlion Buys 57 Pct Stake in Ladurner

China's Zoomlion Buys 57 Pct Stake in Ladurner

Zoomlion, China's leading construction machinery producer, on Wednesday said it had signed an official agreement to buy a 57 percent stake in Italy's waste-disposal company Ladurner.

Zoomlion said it had teamed-up with Mandarin Capital to pay 67 million euros for a 75 percent stake in Ladurner. Mandarin Capital takes a 18 percent stake.

Ladurner now operates more than 30 environmental projects worldwide. It has sewage disposal capacity of 10 million cubic meters and solid waste disposal capacity of 1 million tonnes.

This is Zoomlion's first overseas environmental firm acquisition, after a series of construction machinery deals.

Zoomlion said it will bring the leading waste treatment technology to China.

Source: http://english.cri.cn/12394/2015/12/23/4182s909709.htm
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