China’s XCMG Construction Machinery Co. (000425) may conclude an agreement to acquire a stake in Schwing GmbH within two weeks, Handelsblatt reported, citing unidentified people in the industry.
The size of the stake that XCMG plans to acquire is still “unclear,” Handelsblatt said.
-- Editor: Chris Peterson
To contact the reporter on this story: Julie Cruz in Frankfurt via firstname.lastname@example.org
To contact the editor responsible for this story: Sara Marley at email@example.com