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Xinmao to decide about Draka by 20 Dec

Thursday 16 December 2010 | 08:09 CET | News
China's Xinmao will announce by December 20 whether it will proceed with its EUR 1 billion bid for Dutch cable producer Draka, Reuters reported. The group has said bank financing for the acquisition is conditional on it reaching a final agreement on a merger protocol with Draka. Dutch radio station BNR said that Xinmao head Du Kerong was currently in the Netherlands to discuss the takeover.

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Categories: Fixed / Internet
Companies: Xinmao
Countries: China / Netherlands
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