Shanghai govt-backed buyout firm BMC Europe close to acquiring Germany's Cordenka

Shanghai govt-backed buyout firm BMC Europe close to acquiring Germany's Cordenka

BMC Europe, a private equity firm backed by Shanghai’s government, is close to acquiring German rayon producer Cordenka GmbH in a deal that underscores the sustained interest in forging investment ties between China and Europe, according to people familiar with the matter.

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