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Valeo sells thermal systems business in Russia to NPK Avtopribor

Valeo Group (Valeo) inked an agreement with NPK Avtopribor for the sale of all Valeo’s production assets of its Thermal Systems business in Russia. It will enable the 124 employees in this business to keep their jobs. Valeo will also have a buyback option for 10 years, which can be activated from the 6th year. This i....

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