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Lenzing sells plastics business to concentrate on fibres
As part of its efforts to further concentrate on its core business of manufacturing fibres, Lenzing AG has agreed to sell 85% of its shareholding in plastics business (Lenzing Plastics GmbH) to an Austrian bidding consortium led by Invest AG, the investment company of the Raiffeisen Banking Group Upper Austria based in Linz.
18th April 2013
Knitting Industry
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Lenzing
As part of its efforts to further concentrate on its core business of manufacturing fibres, Lenzing AG has agreed to sell 85% of its shareholding in plastics business (Lenzing Plastics GmbH) to an Austrian bidding consortium led by Invest AG, the investment company of the Raiffeisen Banking Group Upper Austria based in Linz.
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