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Metso to nearly double stake in Chinese JV

Tue Apr 1, 2008 10:38pm IST
 
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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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