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Valmet says merger with Neles could be delayed

Feb 04, 2022 at 10:30 am by admin


FINLAND (From news reports) - Finnish engineering group Valmet said on Thursday its planned takeover of valve maker Neles could be delayed, citing regulatory processes.

"As the completion has not yet taken place, the next possible date under the combination agreement for the completion to take place is April 1," Valmet said.

In November the companies expected the deal to be completed on or before April 1.

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