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Bohai Industrial Investment Fund Management and CDH Investments Management - Chery Automobile stake acquisition

US$293.00 m
  • Entry date - Friday, 26 June 2009
  • Jurisdiction - China
  • Practice - M&A
  • Bohai Industrial Investment Fund Management Company, and CDH Investments Management Company, have acquired 20% stake in Chery Automobile Company Limited



DEAL SUMMARY

Chinese private equity and fund management companies, Bohai Industrial Investment Fund Management Company, and CDH Investments Management Company, have acquired 20% stake in Chery Automobile Company Limited for a consideration of 2bn yuan ($293m).


The investment will enable Chery to establish a footstone for its planned IPO in Shanghai.


 



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