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Makes sense to me,,,haaaaaaa,,, Chinese Company Buys Italian Luxury Yacht Maker

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 10 Jan 12 7:19 PM | 45 view(s)
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By REUTERS
Published: January 10, 2012

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JINAN, CHINA — The machinery maker Shandong Heavy Industry Group sealed a deal Tuesday to take a 75 percent stake in the debt-laden Italian luxury yacht maker Ferretti, the latest in a series of Chinese acquisitions of European brands.

Chinese companies have been taking advantage of Europe’s financial woes by picking up assets on the cheap, acquiring top brands as a shortcut to global success.

http://www.nytimes.com/2012/01/11/business/global/chinese-company-buys-italian-luxury-yacht-maker.html?partner=rss&emc=rss




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