Announced
China Baowu Steel to acquire CPMC Holdings from COFCO Group for HKD7.56bn.
Financials
Transaction Value£777m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Tags
packaging products
Containers and Packaging
Acquisition
China
Majority
Domestic
Public
Privatisation
Completed
Friendly
Single Bidder
Synopsis
China Baowu Steel, a state-owned iron and steel company, offered to acquire CPMC Holdings, a state-owned iron and steel company, from COFCO Group, a Chinese state-owned food processing holding company, for HKD7.56bn.
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