Reuters Business News: Home Depot to buy big stake in China’s HomeWay - MSN Money
Under a deal to be announced later on Wednesday Atlanta-based Home Depot holds an option to raise its stake to take ownership and management control of the Chinese firm the source who asked not to be identified told Reuters. Privately owned HomeWay Co. Ltd. based in the eastern port city of Tianjin plans to use part of the proceeds from Home Depot to pay down debts owed to its suppliers the source added.
December 13, 2006 @ 9:59 AM · Filed under Uncategorized
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