Mandarin, Zoomlion to buy Italian water treatment firm
Mandarin Capital Management (MCP) has teamed up with Zoomlion Heavy Industry Science & Technology to acquire a 75% stake in Ladurner, an Italy-based waste treatment and environment firm, for EUR75 million ($82 million).
Zoomlion, a China-based construction machinery maker, will contribute EUR57 million, while MCP will cover the rest, according to a filing. The investment represents the third transaction from the Mandarin...
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