China Enterprises to spend more than 4.1 billion acquisition of Bosch generators subsidiary
(Bosnia and Herzegovina), a subsidiary of the German veteran industrial giant, announced today that it sold its subsidiary, the starter and generator business, to China Coal Mining Machinery Group Co., And private equity firm Zonta investment, the purchase price of 545 million euros (about 4.1 billion yuan).
Zheng Coal is a company that produces auto parts and coal mining machinery, which states in a statement that the technology, research capabilities, customer base and global sales network of Bosch Starter and Generator Subsidiary (SG) Are very seriously.
The acquisition will help Bosch's starter and generator subsidiary expand in China. Zheng coal is estimated to be about 440 million euros (about 3.3 billion yuan), through the coal and Zonta investment in the internal resources raised, the rest will be obtained through external bank financing.
