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CIMC buys Enric to boost gas container output
POSTED: 8:59 a.m. EDT, August 7,2007
Shipping container maker China International Marine Containers (CIMC) confirmed today that it had agreed to buy a stake worth US$145 million in Enric Energy Equipment Holdings.
CIMC (Group) ¨C through its unit Charm Wise ¨C reached an agreement on July 30 to buy a 42.18 percent stake, or 190.703 million shares, in Enric from Xinao Group International Investment for $0.76 per share, the company said in a statement.
It is understood that the deal will help CIMC up its production capacity and technical expertise in making containers to transport and store natural gas, Enric Energy's specialty. |
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