Beijing firm set to take over German incinerator group
By Yang Ziman | China Daily | Updated: 2016-02-05 08:21
EEW Energy from Waste is reportedly worth $2 billion
Beijing Enterprises Group Co, the State-owned investment firm, suspended trade in its stocks on Thursday in Hong Kong after reports it had won a bid to buy EEW Energy from Waste, a major German garbage-incineration power plant operator.
The Wall Street Journal said Beijing Enterprises had outbid several others to acquire EEW from private-equity firm EQT Partners for 1.8 billion euros ($2 billion).
Photo
