Portfolio: CITIC Capital Partners and Elgin Equipment
When CITIC Capital Partners joined Audax Group in acquiring Elgin Equipment, its brief was to re-position the clean coal equipment business from low-growth America to high-growth China
Coal is destined to remain China's primary source of energy for decades. Sitting on 13% of the world's proven reserves of the mineral, the country consumes almost as much coal as the rest of the world...
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