How Haier found $5.58bln to finance GE M&A
The Chinese firm had fewer than 180 days to put together the dollar liquidity to pay for GE’s home appliance business. Its trading head told us how it was managed
“IT’S ACTUALLY A LOT OF FUN… BUT OVER TIME IT’S TEDIOUS ... TOO MUCH TIME ON THE PHONE”
Zhang Bing, Haier Finance
Like many Chinese companies, consumer electronics and home appliances manufacturer Haier Group has been on an international M&A spree.
Perhaps the most striking deal was its acquisition of General Electric’s home appliance unit, GE Appliances, in...
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