China's XCMG, Brazil's OAS in JV talks

China's XCMG, Brazil's OAS in JV talks

Transacting a deal. Credit: Flickr/Henrik Sandklef

Chinese heavy machinery maker Xuzhou Construction Machinery Group Co Ltd is in talks with Brazilian engineering firm OAS SA to form a joint venture for construction in Africa and Latin America, a person with direct knowledge of the matter said on Friday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter