China Digest: CITIC, 3i buy Formel D for $261m; Yunfeng backs Davost Intelligence

China Digest: CITIC, 3i buy Formel D for $261m; Yunfeng backs Davost Intelligence

REUTERS/Jason Lee

CITIC Capital Holdings Ltd and 3i Group plc have acquired German automotive and component supply company Formel D, while Yunfeng Capital disclosed investment plans in tourism solutions firm Davost Intelligence.

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