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TKH Group agreed to divest 95% of shares in Zhangjiagang Twentsche Cable Co. (ZTC) to Shanghai Electric, and 5% to ZTC management, for an enterprise value of €31 million.
“TKH Group NV (‘TKH’) announces that it has reached agreement with Shanghai Electric Group Company Ltd. about the takeover of 95% of the shares of Zhangjiagang Twentsche Cable Co. Ltd.”tkhgroup.com
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