China International Marine Containers (CIMC), the leading container making company, has confirmed its agreement to purchase a stake worth $145m in Enric Energy Equipment Holdings.

The CIMC group, through its Charm Wise unit, has reached an agreement to buy a 42 percent stake in Enric from Xinao Group International Investment for $0.76 per share, according to a company statement.

It is understood that the deal will help CIMC to increase its container production capacity and further its technical expertise in making containers to transport and store natural gas, the speciality of Enric Energy.