Date
23 November 2017

CSR unit to buy German assets for 290 mln euros, filing says

CSR Corp. Ltd. (601766.CN) said its subsidiary Zhuzhou Times New Material Technology Co. Ltd. (600458.CN) has signed a deal to buy ZF Friedrichshafen A.G.’s rubber and plastics assets for 290 million euros (US$399.82 million), according to a regulatory filing late Wednesday. The company will pay in cash, with 70 percent of the amount funded by loans from Export-Import Bank of China, the filing said.

– Contact HKEJ at [email protected]

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