Carlyle Group buys Chinese SOE

Private equity firm gains majority control of construction machinery manufacturer.
October 25, 2005

Global private equity firm The Carlyle Group today (October 25) signed a definitive agreement to pay $375 million for 85% of Xugong Group Construction Machinery Co (XCMC), China's largest construction machinery manufacturer.

Sign In to Your Account Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media