The latest announcement is out from JTEKT ( (JP:6473) ).
JTEKT Corporation has signed a definitive agreement to transfer its European needle roller bearings business to AEQH32 GmbH, a subsidiary of AEQUITA SE & Co. KGaA. This move is part of JTEKT’s strategy to restructure and consolidate its European operations to enhance profitability, as outlined in its Second Medium-term Management Plan for 2024-2026. The transaction is subject to regulatory approvals and audit procedures, and it reflects JTEKT’s ongoing efforts to optimize its business structure in response to market demands.
More about JTEKT
JTEKT Corporation is a company listed on the Tokyo and Nagoya stock exchanges, primarily operating in the manufacturing industry. The company specializes in producing needle roller bearings and other related products, with a focus on restructuring its global business to improve profitability.
YTD Price Performance: 2.96%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.65B
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