CDH Investments to Acquire Nanfu Battery from Procter & Gamble (Asia)

Source: Asian Venture Capital Journal | Author(s): Tim Burroughs

China-focused private equity and venture capital firm CDH Investments has agreed to acquire a 79 percent stake in China-based alkaline battery manufacturer Fujian Nanping Nanfu Battery from global consumer goods company Procter & Gamble in a transaction reportedly worth US$1 billion. Nanfu Battery sells its products under the Excell, Nanfu and Ecoenergy brands. The transaction is expected to be completed before December.