Sany searching for M&A deals in EU

Sany Group, a leading producer of construction machinery, said it will continue to seek merger and acquisition opportunities in the European Union after announcing a plan earlier this year to buy a German rival.

"We have made quite a lot of investments overseas during the past five years, and we will be increasing our investments in the years ahead," Liang Wengen, chairman of the company, said on Sunday on the sidelines of the 18th National Congress of the Communist Party of China in Beijing.

"We will increase our greenfield investments abroad and will also strengthen our investment deals through the use of M&As.