Landmark Austrian acquisition by Chinese motor manufacturer

    November 08, 2011 | BY

    clpstaff &clp articles

    PRC company, Wolong Holding Group (Wolong) has acquired insolvent Austrian electric motor manufacturer ATB Group (ATB). The transaction is valued at 101.5…

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    PRC company, Wolong Holding Group (Wolong) has acquired insolvent Austrian electric motor manufacturer ATB Group (ATB). The transaction is valued at 101.5 million (US$) with Wolong gaining 98% stock rights,