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. [Read more…] about Chinese companies planning to bid for German industrial giant FFT, says Reuters