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Sany Heavy Industry Co Ltd's Subsidiary to Acquire CP Machinery Limited

Monday, 1 Jul 2013 08:00pm EDT 

Sany Heavy Industry Co Ltd announced that the Company's wholly owned subsidiary, SANY INTERNATIONAL DEVELOPMENT LIMITED (SANY INTERNATIONAL), has signed an agreement with CPE CHINA FUND L.P. (CAYMAN), to acquire a 100% stake in CP Machinery Limited for USD 54,897,747, so as to indirectly hold a 10% stake in Putzmeister Holding Gmbh. After the transaction, SANY INTERNATIONAL will hold a 100% stake in Putzmeister Holding Gmbh in total. 

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19 Dec 2014