ChemChina, AGIC Capital buy KraussMaffei from Onex for 925 mln Euros.

A group of Chinese investors including China National Chemical Corp (ChemChina) and AGIC Capital agreed on Monday to buy German plastics processing machinery maker KraussMaffei for 925 million euros ($1.01 billion).

The group, which also included Guoxin International Investment Corp, bought the German firm from Canada's Onex Corp , confirming a Reuters report on Jan 7.

The investment was the first for AGIC, a private equity firm founded by former Deutsche Bank top China dealmaker Henry Cai that launched its fund in March 2015. ($1 = 0.9159 euros.

By: Reuters. 
Reporting: Elzio Barreto. 
Editing: Miral Fahmy. 

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