China International Marine Containers (CIMC) has purchased an 80% stake in Dutch container builder Burg Industries BV, the China Business Herald reported. The price was not disclosed but CIMC earlier said it would pay US$117 million (RMB889.9 million) for the stake. CIMC, whose controlling shareholders are state-owned shipping group COSCO and China Merchants Holdings, announced revenues and profits of US$4.37 billion (RMB33.2 billion) and US$368 million (RMB2.8 billion) respectively in 2006. Burg, which is privately owned by the Van der Berg family in Holland, posted US$306.1 (RMB2.33 billion) in revenues and US$12.3 million (RMB93.5 million) in net profits in 2006.