Billionaire Chengs’ NWS, Unitas Are Said to Revive Hyva Sale
- Marketing materials have been sent to prospective buyers
- Owners explored Dutch crane and hydraulics firm sale in 2018
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The owners of Hyva Holding BV are reviving a sale of the Dutch maker of cranes and hydraulics that could value the business at about $700 million, people with knowledge of the matter said.
NWS Holdings Ltd., the infrastructure arm of New World Development Co. controlled by Hong Kong’s billionaire Cheng family, and Asian buyout firm Unitas Capital are working with advisers on the potential disposal, the people said, asking not to be identified because the matter is private.