AGIC joins $1b Chinese acquisition of KraussMaffei
AGIC Capital, a private equity firm that focuses on China-Europe cross-border investments, has teamed up with two Chinese companies to acquire KraussMaffei Group from Onex Corporation at an enterprise valuation of EUR925 million ($1.01 billion).
This is the first investment by AGIC, which stands for Asia-Germany Industrial Promotion Capital. China National Chemical Corporation (ChemChina) appears to be leading the transaction - Onex's announcement...
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