Friday, October 19, 2012

AVIC eyes yard M&A



China's AVIC International Investments is planning to acquire shipyards.

The Singapore-listed company recently purchased Finland-based ship design firm Deltamarin.

AVIC is seeking opportunities to acquire shipyards with niche strengths and competitive advantages across the world.

“With the gradual establishment of the shipbuilding and ship design capabilities, the company intends to build up comprehensive service capabilities in the shipping industry,” said executive chairman Diao Weicheng.



Published : October 19, 2012


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