Shanghai Electric among Chinese firms targeting Fiat's Comau: sources

Shanghai Electric among Chinese firms targeting Fiat's Comau: sources
 

Chinese firms including Shanghai Electric have approached Fiat Chrysler Automobiles (FCA) to express an interest in buying its Comau robotics business, sources familiar with the matter told Reuters.
Any deal would follow a wave of European acquisitions by Chinese firms as they seek global scale and could help FCA pay down debt as well as fund an expensive investment plan.
Chinese conglomerate Sinomach and Shanghai Institute of Mechanical and Electrical Engineering (Simee) have also approached FCA over a possible bid for Comau, hoping to persuade FCA boss Sergio Marchionne to sell the... read more

 
6 October 2016 in Science &Technology, Views: 50
Source: Reuters
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