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Unisplendour Corp has purchased 51% stake in Hewlett Packard's (HP) China-based joint venture- H3C Technologies for $2.5bn.

Financials

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Transaction Value£855m
Consideration Type-
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Disposal

Acquisition

Completed

Friendly

Single Bidder

Majority

China

Software

provider of converged infrastructure solutions

techology services

Synopsis

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Unisplendour Corp, a Chinese information technology and communications company under the Tsinghua University has purchased 51% stake in Hewlett Packard's (HP) China-based joint venture- H3C Technologies, information technology services provider for $2.5bn. The move by Unisplendour Corp Ltd (UNIS), under Tsinghua University, will have a positive impact on the information technology market and will cultivate new localisation routes for foreign enterprises.

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