# Metso to sell its stake in Shanghai-Neles Jamesbury Valve JV to Shanghai Electric unit

Metso agreed to sell its 50% stake in Shanghai-Neles Jamesbury Valve Co. to Shanghai Electric International Economic & Trading, its joint venture partner. Metso will move Jamesbury valve production to its Shanghai Technology Center.

- Type: Acquisition
- Announced: 2020-04-09
- Where: Shanghai, China
- Status: announced
- Products: Jamesbury valves, valves and actuators
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Metso](https://endata.com/companies/240.md)
- [Shanghai Electric International Economic & Trading](https://endata.com/companies/6354.md) (acquirer)

## Sources

- [manufacturing-journal.net](https://manufacturing-journal.net/press-release/2297-metso-increases-valve-manufacturing-capacity-in-china), 2020-04-09: "Metso has entered into an agreement to sell its shares of its joint venture company Shanghai-Neles Jamesbury Valve Co., Ltd (SNJ) to Shanghai Electric International Economic & Trading Co., Ltd (SEIC)."
- [manufacturing-journal.net](https://www.manufacturing-journal.net/press-release/2297-metso-increases-valve-manufacturing-capacity-in-china), 2020-04-09: "Metso has entered into an agreement to sell its shares of its joint venture company Shanghai-Neles Jamesbury Valve Co., Ltd (SNJ) to Shanghai Electric International Economic & Trading Co., Ltd (SEIC)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.