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Brembo turns Chinese unit into wholly-owned subsidiary
Brembo S.p.A. now owns 100 percent of Brembo Nanjing Brake Systems Co. Ltd. as a result of the acquisition of the remaining 30 percent stake from the Chinese partner Donghua Automotive Industrial Co. Ltd., for a total consideration of CNY 90 million (about EUR 11 million). The subsidiary specializes in processing and....
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