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Zhejiang Unifull Industrial Fibre

Nissan battery unit sale off as Chinese ‘fail to raise funds'

Tue, 07/10/2018 - 12:07 -- Xuan Zhong
Nissan battery unit sale off as Chinese ‘fail to raise funds'

Nissan has called off the sale of its batteries business to Chinese private equity firm GSR Capital, saying the buyer failed to raise the cash required.

A number of Chinese firms including lithium manufacturer Zhejiang Unifull Industrial Fibreand lead-acid battery maker Camel had said they would join GSR in the reported $1 billion acquisition of Nissan subsidiary Automotive Energy Supply Corp and manufacturing operations in Japan, the UK and US.

 

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China’s Camel to join Nissan battery buyout deal

Mon, 09/11/2017 - 11:38 -- Xuan Zhong
China’s Camel to join Nissan battery buyout deal

Camel Group has become the latest Chinese battery maker set to invest in the takeover of Nissan’s battery business led by private equity firm GSR Capital Advisors.

The announcement came after Zhejiang Unifull Industrial Fibre said it too would invest as a partner in the buyout deal.

 

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Chinese firm joins Nissan battery buyout deal

Wed, 08/30/2017 - 10:20 -- News Editor
Chinese firm joins Nissan battery buyout deal

A Chinese lithium battery manufacturer is chipping in up to $100 million to join the takeover of Nissan’s battery business by Chinese private equity firm GSR Capital Advisors.

Zhejiang Unifull Industrial Fibre said in a stock exchange filing it had signed a framework agreement with GSR Capital to become a partner in funding the Nissan deal, which Nissan confirmed earlier this month.

 

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