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The Romanian Competition Council approved the takeover of GI Industrial Holding S.p.A. and its subsidiaries by Baxi S.p.A., RCapital S.R.L. and Kynvest S.R.L. GI Industrial Holding manufactures ventilation and refrigeration equipment.
Integrated Microelectronics Inc. (IMI) sold its 80% stake in subsidiary STI Enterprises Ltd. to London-based private investment firm Rcapital, resulting in an $84 million loss.