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  • Wang Jing & Co. Completes Acquisition for Italian Listed Company

  • DATE:2006-8-22
  • Italian-listed company Candy Elettrodomestici S.r.l. recently completed the successful purchase of 75% of well-known domestic electrical appliance manufacturer Jinling Electrical Co. Ltd. in Jiangmen, southern China. A team from Wang Jing & Co. led by Mr. Wang Jing, Mr. Pan Lidong and Mr. Maarten Roos, in cooperation with Italian law firm Agnoli Bernardi e Associati, assisted the Italian investor with general advice on the acquisition, due diligence investigation, business negotiations, contract drafting, and negotiations with relevant governmental departments. Valued at EUR 31 million, the project marks the biggest foreign acquisition in this industrial sector until present.

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