Zoomlion refocuses on construction

摘要

The Chinese-based firm Zoomlion has entered a conditional agreement to sell an 80% stake in its environmental sanitation business, Changsha Zoomlion Environmental Industry, and accompanying assets for a value of CNY11.6 billion (€1.51 billion), with a view to focusing on its core construction and agricultural equipment businesses. Subject to terms and conditions, 51% of the equity interest will be transferred to the electronics and environmental protection equipment maker Infore Holding, 21.6% to Hony Investment, 4% to Guangzhou Investment, and 3.4% to the investment firm Lulian Junhe.