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Recent mergers and acquisitions

China Daily | Updated: 2009-11-25 08:06

Recent mergers and acquisitions

Following its acquisition of the automotive assets of AVIC, the Chang'an Automotive Group is now the third largest automaker in China. Ma Jian

Chang'an Motor Corp this month acquired major auto businesses from aircraft maker AVIC, including mini bus producers Hafei and Changhe. In return, AVIC will get a 23 percent stake of Chang'an. Through the deal Chang'an will outstrip Dongfeng Motor Corp to be the third-largest motor group in China.

Recent mergers and acquisitions

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