Beijing Infrastructure Investment to buy German rolling stock company

02 November 2020 - 12:00 am UTC

Beijing Infrastructure Investment (BII), owned by the Chinese capital’s municipal government, today said it will acquire a German rolling stock company in its maiden overseas takeover. 

BII, which specialises in metro projects, said it has cleared all the regulatory hurdles for its investment in LogoMotive Gmbh. The acquisition is part of the Chinese company’s efforts to expand its business into the full rail development value chain, according to an emailed statement. 

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