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Mutares, Germany, to acquire majority stakes in HSR and HST from Hwaseung Corporation
On October 28, Mutares SE & Co. KGaA entered into final negotiations with a Korean listed company, Hwaseung Corporation, to acquire 67% of the shares in Hwaseung Special Rubber (Taicang) Co., Ltd. (“HSR”) and Hwaseung Auto Parts (Taicang) Co., Ltd. (“HST”). Signing of the transaction is planned in the fourth quarter ....
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