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ChemChina Picks Up German Manufacturer In $1B Deal

By Dani Meyer (January 11, 2016, 2:21 PM EST) -- A group of Chinese investors, including China National Chemical Corp., or ChemChina, announced on Monday that it has acquired leading plastics and rubber processing machinery manufacturer KraussMaffei Group GmbH from private equity firm Onex Corp. for €925 million ($1.01 billion) in what ChemChina described as the largest Chinese investment in Germany....

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