Tianying eyes $1.8b takeover in Germany
By Yang Ziman | China Daily | Updated: 2016-01-13 08:08
China Tianying Inc, a Jiangsu province-based solid waste treatment company listed on the Shenzhen Stock Exchange, is eyeing the possible $1.8 billion takeover of a German rival.
Waste management firm EEW is considered Europe's market leader in energy-to-waste.
Yan Shengjun, Tianying's chairman, on Tuesday insisted a takeover would be a win-win for both parties. Trading in the company's shares have been suspended since Dec 14.
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