Zhejiang Geely Holding Group Co., Ltd. announced on August 2, 20 10 that it had completed the acquisition of all the shares of Volvo Car Company, a subsidiary of Ford Motor Company. The purchase price is $6543.8+0.8 billion. This is the first step for China enterprises to buy luxury cars overseas.
China Industrial and Commercial Bank acquired South African Standard Bank.
On June 25th, 2007, ICBC acquired 20% equity of Standard Bank of South Africa, the largest bank in Africa, for HK$ 423 1 billion, becoming the single largest shareholder of Standard Bank. China Industrial and Commercial Bank will discuss with South African Standard Bank the establishment of a global mineral resources fund with a scale of at least US$ 654.38 billion. This is by far the largest overseas M&A case of China Bank.
Minmetals acquired OZMinerals.
20 10/June 1 1 day, China Minmetals Group announced that China Minmetals acquired the main assets of OZMinerals Company at a price of about/kloc-0.7 billion US dollars. The transaction will be completed in cash. This transaction will effectively increase the reserves of major nonferrous metal mineral resources such as zinc, copper and lead in China.
China Ping An buys Fortis.
Since June, 2007 165438+ 10, China Ping An invested18/0 billion euros to buy a total of 4 18% shares of Belgian Fortis Group in the secondary market, becoming its largest single shareholder, and then increased its holdings to 4.99%. At the beginning of 2008, China Ping An announced that it planned to acquire 50% equity of Fortis Asset Management Company for 210.50 billion euros.
Valin Group acquires FMG.
In 2009, Valin Group announced that it would acquire a 6.5% stake in FMG/KLOC-0 for about A $0/200 million. After the acquisition, Valin Group will become the second largest shareholder of FMG, second only to Andrew Forrest, president of FMG, and will get a seat on the board of directors of this mining company.
Cnooc buys OPTI
2011On July 20th, China Offshore Oil announced that its subsidiary CNOOC had reached an agreement with the Canadian oil sands developer OPTI to acquire all the shares of OPTI and the second lien bill. The total consideration of the transaction is about 2 1 100 million USD.
China Petrochemical acquired Addax.
On June 25, 2009, Sinopec Group announced that its wholly-owned subsidiary Sinopec International Petroleum Exploration and Development Co., Ltd. reached a cash purchase agreement with Addax Oil Company headquartered in Switzerland to acquire all the shares of the company at a price of 52.80 Canadian dollars per share. The total purchase price of Sinopec is 8.27 billion Canadian dollars, equivalent to 7.24 billion US dollars.