1b yuan deal to buy German airport
By Xin Dingding | China Daily | Updated: 2007-05-26 07:02
A Chinese investor from Central China's Henan Province has sealed a deal to buy Parchim Airport in Germany at a cost of 1 billion yuan ($130 million).
It is said to be the first time a Chinese company has wholly owned an European airport, which is located in Schwerin, not far from Hamburg and Berlin.
Pang Yuliang, chairman of the board of LinkGlobal Logistics Co Ltd, beat 10 other global competitors, including FedEx, Hamburg Airport, and Emirates Airline, in an international tender.
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