Overview

ICBC (Frankfurt Branch) provides a EUR 100 million loan to AMK Holding GmbH for the acquisition of Tristone Flowtech Holding SAS

Commitments (Constant USD, 2023)$120,001,892

Commitment Year•2017Country of Activity•GermanyDirect Recipient Country of Incorporation•GermanyOverseas Jurisdiction•GermanySector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 31, 2017

Start (actual): Mar 31, 2017

End (actual): Mar 31, 2017

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% Chinese ownership

Funding agencies

State-owned Commercial Banks

Industrial and Commercial Bank of China (ICBC)

Receiving agencies

Private Sector

AMK Holding GmbH & Co. KG

Loan description

ICBC (Frankfurt Branch) provides a EUR 100 million loan to AMK Holding GmbH for the acquisition of Tristone Flowtech Holding SAS

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2016, the Frankfurt Branch of ICBC provided a EUR 100 million loan to AMK Holding GmbH (中鼎欧洲公司) for the acquisition of Tristone Flowtech Holding SAS, headquartered in Frankfurt am Main, for EUR 185 million. The Paris Branch of Bank of China also contributed EUR 53 million to support this acquisition (Record ID#108840).

Staff comments

1. Tristone Flowtech Holding SAS is a holding company that designs and manufactures flow technology systems for various applications, particularly in the automotive industry. They specialize in engine and battery cooling, air charge, and air intake systems, and operate globally with locations in Europe, Asia, and North America.