China State Construction Engineering Corporation (CSCE) is set to purchase a stake in Obrascon Huarte Lain, with a formal agreement for the same deal having been signed between the two companies. 

Based in China, CSCE is an engineering contractor, while the target company is a Spanish company engaged in concessions and construction businesses. 

US Lumber Group has agreed to acquire NILCO from Platinum Equity.

"The deal is expected to be completed by December."

Subject to regulatory approval and certain closing conditions, the deal is expected to be completed by December.

Based in the US, the acquiring company distributes specialty building products.

The target company is a manufacturer and distributor of specialty building materials and industrial products, while Platinum Equity is a private equity firm.