CHINA International Marine Containers Co said it bought a majority stake in the Netherlands' Burg Industries BV, as it seeks to expand in Europe and extend its product range.

The world's largest maker of freight containers received approval from China, Germany and the Netherlands to buy an 80 percent stake in Burg, which makes containers for breweries and fuel companies, it said in a statement to the Shenzhen Stock Exchange today, Bloomberg reported.

China International said in December it plans to pay 108 million euros (US$145 million) for all of the Dutch company. It didn't say how much it paid in today's statement.

Shenzhen-based China International, also known as CIMC, in July dropped plans to purchase Burg after European regulators expressed concerns over the merger of the two companies' tank- container businesses and extended the deal's review. CIMC said in December Burg will sell its tank container business to facilitate the Chinese company's acquisition.

The acquisition will be made through a 60 million euro venture formed by CIMC's Hong Kong unit CIMC Tank Equipment Investment Holdings Co and one of the shareholders of closely held Burg, CIMC said in December. CIMC Tank Equipment owns 80 percent of the venture, while shareholder Peter Van der Burg has 20 percent, according to CIMC.

China International's yuan-denominated shares rose 3.9 percent to 30.66 yuan(US$ 4.02) in Shenzhen yesterday. They have climbed 160 percent in the past year. The company's Hong Kong dollar- denominated shares added 0.4 percent to HK$19.07.