CITIC PE takes four coal miners in Shaanxi at a discount
CITIC Private Equity Funds Management Co., Ltd. (CITIC PE), the second largest industrial investment subsidiary of major PRC conglomerate CITIC Group, will acquire four medium-to-large size state-owned coal companies in Shaanxi province.
The target miners for acquisitions were said to include Shaanxi Hancheng Coal Industry Co., Ltd., Shaanxi Chenghe Coal Industry Co., Ltd. and Shaanxi Weihe Heavy Chemical Co., Ltd., with a total value...
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