Anhui Ding acquired 100% shares of FM Sealing at 1 euro  [ China ]

Zhongding Europe Holding Limited, subsidiary of Anhui Zhongding Sealing Parts Co., Ltd., signed "Equity Transfer Agreement" with Federal Mogul Sas to acquire 100% shares of FM Sealing to Zhongding Europe at 1 euro. In view of financial loss of FM Sealing, the transferor FM Sealing would compensate EUR 11.85 million to Zhongding Europe for expenditure on transformation and make up for futur...