Cargotec set to buy Carlyle’s stake in China Crane
Finland’s Cargotec will acquire The Carlyle Group’s 49% stake in China Crane Investment Holdings in connection with a joint venture it has agreed with Jiangsu Rainbow Heavy Industries (RHI).
The cargo-handling machinery manufacturer will invest around EUR30 million ($43 million) for a 49% in the joint venture with the Chinese firm, which is already one of its longest-standing suppliers. In...
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