JTEKT (JP:6473) has released an update.
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JTEKT Corporation has reached a basic agreement to transfer its European needle roller bearings business to AEQH32 GmbH, a subsidiary of AEQUITA SE & Co. KGaA, as part of its strategy to enhance profitability and streamline its operations in Europe. This move aligns with JTEKT’s medium-term management plan to restructure and strengthen its global business framework. The transaction is expected to conclude by March 2025, pending necessary consultations and agreements.
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