Metso to nearly double stake in Chinese JV
HELSINKI (Reuters) - Finnish engineering company Metso (MEO1V.HE: Quote, Profile, Research) said on Tuesday it plans to nearly double its stake in Chinese joint venture company Valmet-Xi'an Paper Machinery Co. Ltd to 75 percent.
The agreement is subject to regulatory approval, expected to be passed by the end of the year.
(Reporting by Agnieszka Flak)
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