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Nichirin to acquire additional 40% stake in Spanish joint venture with Hutchinson
Nichirin Co., Ltd. announced that it will acquire 40% of the shares of its Spanish joint venture, Hutchinson Nichirin Brake Hoses, S.L. (HNBH), from Hutchinson S.A. for approximately EUR 6 million. This transaction will allow Nichirin to increase its stake in HNBH from the current 30% to 70%. HNBH, which was establis....
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