Recently, the large state-owned enterprises in Shanghai Electric Group acquired 100% holding American International Group, the rumors intensified Gaussian,glue stick the message saying that the acquisition involving an amount of up to 15 billion U.S. dollars.
This in turn set off in the industry, mergers and acquisitions in China in a case of whether success.
In response to a reporter's question about acquisition rumors,glue gun Shanghai Electric company official said the acquisitions are related to the operation of the Group, the listed companies do not participate. The Shanghai Electric Group, said the company secretaries to the relevant personnel to go out, adding that the acquisition does not understand things. Although tight-lipped on the matter related to personnel, but industry sources, should be still in takeover talks, the negotiation is successful or not is hard to judge.
It is understood, the Shanghai Electric Group is currently the second largest shareholder of Goss International, which controlled the Gaussian is very high. Generous with the current acquisition of overseas Chinese enterprises resource assets the difference is, this 1.5 billion in overseas acquisitions, targeting the Gaussian have the "soft assets": the global sales market, technology, and strong project management experience in R & D . If the takeover is successful, the M & A activity will help Shanghai Electric open up overseas markets and increase profitability. Goss International is a U.S. private enterprises, the main production of precision printing machinery and equipment. From the turnover point of view, Gaussian before the financial crisis remain 10-11 billion dollars in revenue.