The rush of Chinese companies expanding overseas continues with state -owned Beijing Capital Group the latest to invest abroad after it struck an US$900million deal to acquire New Zealand's largest waste management company. It is also the biggest overseas acquisition of an environmental company by a Chinese firm. This follows Hong Kong-based Cheung Kong Holdings buying New Zealand’s second largest waste management company for US$400 million last year. Prior to the purchase BCG looked at waste management companies in Greece, Spain, Portugal and Malaysia.
01 Nov 2014
22 Oct 2014
Beijing Capital, one of the largest diversified conglomerates owned by the Beijing city government, bought New Zealand’s largest waste management company this month for almost US$1 billion. This follows on Hong Kong-based Cheung Kong buying New Zealand’s second largest waste management company for US$400 million.