China National Chemical Corp's acquisition of Germany's KraussMaffei for 925 million euros is seen as a significant deal that will aid an accelerating trend of Chinese industrial upgrades through overseas acquisitions. Ying Zhang is quoted stating this deal demonstrates that Chinese outbound acquisitions are becoming more wide-ranging in scale, scope and strategic target.
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www.chinadaily.com.cn/business/2016-01/13/content_23075926.htm