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Wisecap Group and Corvaglia Group agreed an industrial partnership in which Wisecap takes over the production activities of Corvaglia Closures Eschlikon AG and integrates them into its network, while Corvaglia takes a minority stake in Wisecap. Financial details were not disclosed.
Pentair plc announced completion of the sale of its Valves & Controls business to Emerson Electric for USD 3.15 billion, subject to customary working capital adjustments. Baer & Karrer acted as Swiss legal counsel to Pentair.