Shanghai Elec in talks to sell Shanghai Diesel stake


HONG KONG, Aug 31 (Reuters) - Shanghai Electric Group Co Ltd said it was in talks to sell its entire 50.32 percent stake in Shanghai Diesel Engine Co Ltd to Shanghai Automotive Industry Corp (Group) (SAIC). The Hong Kong-listed firm said in a statement late on Thursday that it was in the process of negotiating certain cooperative arrangements with SAIC concerning Shanghai Diesel and that the company may sell all its stake in the Shanghai unit to SAIC. The considerations of the disposal ...

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