Mergers & Acquisitions Mergers & Acquisitions

Danfoss, Eaton deal must divest Jiangsu orbital-motor business to proceed, China's SAMR says

By Yonnex Li
  • 08 Jun 2021 02:04
  • 08 Jun 2021 02:04
Danfoss will own more than half of China's market for orbital motors after taking over Eaton's hydraulics business, China's antitrust regulator has found, prompting the authority to require the Danish buyer to divest local assets in exchange for a regulatory go-ahead for the $3.3 billion acquisition.

The Nordborg-based industrial group and Eaton are

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