Announced
Completed
Financials
Sources
Tags
Marine Transportation
Acquisition
Private
Merger
Friendly
Transportation Equipment
China
shipbuilding
Completed
Majority
Single Bidder
Synopsis
China State Shipbuilding, which manufactures and sells ships, completed the merger with China Shipbuilding Industry, which operates as a shipbuilding company. Financial terms were not disclosed. The aim was to create a shipping firm that can compete with global heavy-weights in the maritime industry.
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