国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

China companies vie for German waste management firm: sources

(Agencies) Updated: 2015-11-18 13:05

China companies vie for German waste management firm: sources

The company logo of China Everbright International Ltd is displayed on a glass door at its office in Hong Kong, China November 17, 2015. [Photo/Agencies]

At least three chinese State-owned enterprises are bidding for a german waste management company, underscoring china's desire to acquire advanced technology to tackle a growing refuse problem, people familiar with the matter told Reuters.

Chinese State-backed Beijing Enterprises Water Group Ltd, China Everbright International Ltd and Beijing Capital Group are among the suitors who have submitted initial bids for Energy from Waste (EEW), the people added.

It is Europe's market leader in energy-to-waste and valued at 1.5-2 billion euros ($1.6-$2.1 billion), they said.

If successful, the deal would mark China's biggest outbound M&A in the sector in about 16 years, according to Thomson Reuters data.

China had set a target to spend about $16 billion between 2013 and 2016 to improve sewage disposal and garbage treatment, according to domestic media reports.

Swedish buyout firm EQT put the company up for sale after taking full control of the waste-burning power producer, Reuters reported in September.

It is currently drafting a vendor due diligence report, reviewing the tentative offers and will soon shortlist several bidders, with a view to signing a deal in early 2016, the sources familiar with the process added.

Heavy Chinese interest in an overseas asset comes as the government struggles to cope with an acute environment and waste recycling problem.

China needs top notch waste management technology to convert the enormous amounts of refuse the world's most populous country generates. "EEW has state-of-the-art emissions control technology and also employs a very efficient garbage collection management system," one person familiar with the company said.

Waste treatment and recycling has emerged as one of China's biggest challenges as it tries to tackle pollution and ease pressure on its depleted and contaminated water and soil.

Rubbish headache

Government researchers have estimated that as much as 7 billion tons of waste is buried around China's major cities, and the capital Beijing is now surrounded by a belt of landfill sites.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
富锦市| 慈溪市| 泸西县| 深泽县| 大方县| 安阳市| 沙河市| 茂名市| 社会| 昌邑市| 明水县| 萨嘎县| 虹口区| 封开县| 鲜城| 明溪县| 遵义县| 临城县| 库尔勒市| 阜阳市| 施秉县| 平罗县| 西乌珠穆沁旗| 门头沟区| 莱西市| 广宁县| 都匀市| 久治县| 温宿县| 赤城县| 永济市| 武川县| 扎鲁特旗| 辽阳县| 巴彦淖尔市| 炉霍县| 儋州市| 水城县| 宁阳县| 威海市| 龙井市|