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Tenowo to sell 49% stake in Supreme Nonwoven Industries to Indian co-shareholders · Endata

◂ Announcements

Industrial Textilesworld trade 2024+2.0% 5Y CAGR

Apr 20, 2018ACQUISITIONMumbai, India

Tenowo to sell 49% stake in Supreme Nonwoven Industries to Indian co-shareholders

Tenowo GmbH, a subsidiary of Hoftex Group AG, will sell its 49% stake in Supreme Nonwoven Industries Pvt. Ltd. to its Indian co-shareholders. The transaction is expected to complete within 24 months.

Status

Announced

Productsnonwoven fabrics

CompaniesTenowo Hoftex Group partner Supreme Nonwoven Industries target

Sectors#Industrial Textiles

“Tenowo GmbH, a wholly owned subsidiary of Hoftex Group AG, will sell its 49% stake in Supreme Nonwoven Industries Pvt. Ltd. to its Indian co-shareholders.”nonwovens-industry.com

1 source
nonwovens-industry.comTenowo to Exit Indian JV - Nonwovens IndustryBy: Karen McIntyre EditorApr 20, 2018

Summarized from public sources; check the original articles before acting on it.

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