XCMG May Buy Schwing Stake Within Two Weeks, Handelsblatt Says

China’s XCMG Construction Machinery Co. (000425) may conclude an agreement to acquire a stake in Schwing GmbH within two weeks, Handelsblatt reported, citing unidentified people in the industry.

The size of the stake that XCMG plans to acquire is still “unclear,” Handelsblatt said.

-- Editor: Chris Peterson

To contact the reporter on this story: Julie Cruz in Frankfurt via jcruz6@bloomberg.net

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