Chinese companies planning to bid for German industrial giant FFT, says Reuters

 

Chinese firms including the Jiangsu Hagong Intelligent Robot Company are planning to make a bid to buy German industrial giant FFT, according to a report on Reuters.com

Other companies said to be interested include state-owned Shanghai Electric and equity firm AGIC Capital, says Reuters.

FFT, which builds manufacturing facilities for automakers and other industrial companies, is said to be valued at around $712 million.

FFT is owned by an equity investment company called Aton, and any deal is not likely to cause any political controversies, according to people Reuters quotes.  Continue reading Chinese companies planning to bid for German industrial giant FFT, says Reuters