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Article: MAHLE Enters Into a Stock Purchase Agreement With Condumex
- Article from:
- CCNMatthews Newswire
- Article date:
- June 22, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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STUTTGART, GERMANY--(CCNMatthews - June 22, 2007) - The MAHLE
Group, headquartered in Stuttgart, Germany, announced today that its
subsidiary MAHLE Industries, Inc. has entered into a stock purchase
agreement with Grupo Condumex, S.A. de C.V., Mexico.
From Condumex, MAHLE will acquire 51% of the shares of capital
stock of Promotora de Industrias Mecanicas, S.A. de C.V. (Promec)
which owns Sealed Power Mexicana, S.A. de C.V. and Sealed Power
Autopartes, S.A. de C.V.
MAHLE has recently acquired, as part of an international
transaction, Dana Corporation's engine products group and, as a
result, MAHLE indirectly acquired 49% in Promec. Upon satisfaction of
the conditions to which the stock ...