Sinotruk sells stake to Germany's Man

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    clpstaff &clp articles

    Man Group has made a 25% equity investment in Sinotruk

    China's largest manufacturer of heavy trucks, Sinotruk, has sold a 25% equity ownership to German transport-related engineer Man Group.

    With a value of €560 million (US$790 million), the deal will see Hong Kong-listed Sinotruk enter into a long-term strategic co-operation with Man to develop and produce heavy trucks in China that are geared to the needs of emerging markets. Man will also license certain technology to Sinotruk.

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