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The transaction values Metro China, at an implied total enterprise value of �1.9 billion. The transaction is expected to close no later than the second quarter of calendar year 2020.
The trend began with a 'winter fair' initiated by King Maha Vajiralongkorn in February.
The trends are also working in the company’s favor in key markets such as databases. Gartner predicts that 75 percent of all databases will be in the cloud within three years, with Amazon Web Services and Microsoft Azure positioned to capture a large portion of the growth against Oracle and other traditional database providers.
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The training session that took place in February was part of this initiative and Duan Chaowen was the first beneficiary of the project. It has given him the hope that he will be able to continue to drive the sustainable sourcing of truffles in his hometown.
The trip, funded by the association, is part of the 20th anniversary celebrations of the return of Hong Kong to the motherland.
The transaction complements China Zhongwang's recent acquisition of Alunna in Germany, and is another international acquisition that helps the company to expand its business segments and optimize its product mix, it said.
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The two sides have also been cultivating new growth engines for cooperation. Cooperation in areas including smart cities, digital economy, artificial intelligence and Internet Plus models has been further deepened, he said.
The trend also dovetails with China's push to accelerate the integrated development of next-generation information technology and manufacturing, in a bid to foster high-quality development.
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The two car giants announced their alliance last Tuesday at the Detroit auto show held in the United States, but they have ruled out the possibility of a merger or cross-holding of equities, like the Renault-Nissan-Mitsubishi alliance.
The two units, manufactured by the Zhengzhou Yutong Bus Company, were unveiled in the Palermo neighborhood, north of the capital, by Minister of Transport Guillermo Dietrich, Buenos Aires Mayor Horacio Rodriguez, and the Minister of Environment and Sustainable Development Sergio Bergman.
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