Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Avic International to Increase Stake in KHD, Make Buyout Offer

Avic International Holdings Ltd., a Hong Kong-listed unit of China’s biggest aerospace company, said it will boost its holding in German industrial-plant builder KHD Humboldt Wedag International AG and make a buyout offer.

The Shenzhen, China-based company will buy 19 percent of KHD from 12 sellers for 61 million euros ($83 million), increasing its stake to 39 percent, according to a Hong Kong stock exchange filing yesterday. MFC Industrial Ltd. is one of the companies disposing of KHD shares.

Avic also said it will join companies owned by Singaporean businessman Yap Lian Seng to make an offer for KHD at 6.45 euros a share, or a total consideration of 195.5 million euros. Yap will own 58 percent of KHD and Avic 42 percent if all holders accept the offer.

KHD jumped 24 percent to close at 6.31 euros on Frankfurt’s Xetra exchange after the offer was announced.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.