Chinese personal computer manufacturer Lenovo is expected to become the sole shareholder of Fujitsu Siemens Computers in the months to come.
Fujitsu Siemens Computers was established in 1999, with a 50-50 capital from Fujitsu and Siemens, which signed a cooperative agreement about their joint investment with a term of ten years.
The joint venture has become the biggest computer manufacturer in Europe by far but that does not mean that, compared to other players, the joint company was a major player. The two parent companies are expected not to continue their agreement after the maturity, as Siemens wants to pay more attention to the sectors like energy and medical treatment.
After several rounds of negotiation, Fujitsu is said to acquire Siemens’s 50% stake in the Fujitsu Siemens Computers. After the acquisition, Fujitsu will then sell the joint venture as a whole to Lenovo.
And everyone can say the original deal seemed a good idea at the time.
Source: Trading Markets
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