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Mori Seiki to Boost Stake in Gildemeister, Nikkei Says

Nov. 17 (Bloomberg) -- Mori Seiki Co. plans to increase its stake in the German firm Gildemeister AG to more than 20 percent from 5 percent, Nikkei English News reported, without saying where it obtained the information.

Mori Seiki will purchase more then 10 billion yen ($119.9 million) of Gildemeister shares and convert the German firm into an equity-method affiliate, Nikkei said.

Link to Company News:{6141 JP <Equity> CN <GO>} Link to Company News:{GIL GR <Equity> CN <GO>}

To contact the editor responsible for this story: Peter J. Brennan at

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