Strategic alliance between Midea and Clivet
2018-10-16
Midea Group Co., Ltd (SZSE: 000333, “Midea”) has entered into a Definitive Agreement on 21 June 2016 for the acquisition of 80% of Clivet S.p.A., Clivet Espana S.A. and related real estate assets. The current shareholders of Clivet S.p.A., the Bellò family, will retain a 20% stake.
