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Shipbuilder seeks chance for overseas acquisition

Updated: 2012-08-11 07:48
By Zhou Siyu ( China Daily)

China Shipbuilding Industry Corp, one of the country's two major shipbuilding conglomerates, has expressed an interest in acquiring shipbuilding companies in Europe to make itself a stronger technological competitor.

China Shipbuilding has held "advanced talks" with a European company in recent months, Sun Bo, senior executive of China Shipbuilding, said on Wednesday during a news conference in Beijing, declining to name the company.

"The talks did not bear any fruit but they did help us gain experience in negotiating with European companies," Sun said.

Shipbuilder seeks chance for overseas acquisition