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Compass Advisers -- News --
PARIS March 14, 2008 The Airwell Group is pleased to announce that it has today purchased from Fedders North America Inc. 100% of Fedders' Residential HVAC business, including current inventory, trademarks, technology and related assets.
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Fedders Acquires Polenz from Senior
TM Capital is a member of MA International, a world-wide consortium of MA firms, and learned that Angermann & Co.
http://www.tmcapital.com/Transaction.24/current_category.0/transactions_detail.html
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Fedders Xinle (F-X) is a joint venture between Fedders Corporation, of the United States, and Ningbo General Air Conditioning. It was started in 1995, for an initial investment by Fedders of 70 million RMB (about $8 million). Fedders controls 60% and NGAC 40%.
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Voltas buys remaining 50 pc stake in JV firm with Fedders Intl - Zibb.com
Mumbai, Jun 17, 2008 (Asia Pulse Data Source via COMTEX) --
Tata Group firm Voltas today said it has purchased the remaining 50 per cent stake in its joint venture firm with Fedders International Air-conditioning Pvt Ltd for Rs 3.12 crore.
The company informed the Bombay Stock Exchange it has purchased 1.38 crore equity shares representing 50 per cent stake in Universal Comfort Products Pvt Ltd, a joint venture firm between Voltas and FIACPL.
The board of director of the company today approved the transfer of shares consequent to which the UCPL ceases to a JV firm and has become a wholly owned subsidiary of Voltas, it said.
UCPL is engaged in the business of manufacturing window room air conditioners and split air conditioners.
Shares of the company closed at Rs 147.55, up 4.02 per cent on the BSE.
*** Champagne Indage to raise $50 mn from overseas mkt * Leading wine maker Champagne Indage today said it will raise 50 million dollar through issue of securities in the overseas market.
The company informed the Bombay Stock Exchange that its board has given an in principle approval to raise up to 50 million dollar in one or more tranches by issue of Global Depository Receipts, Foreign Currency Convertible Bonds or other securities.
However, the approval is subject to shareholders and other regulatory approvals.
Shares of the company closed at Rs 500, up 1.06 per cent at the BSE.
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Companies: Fedders Corp. (FJCC)
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