Manz Jumps After Deal to Sell Holding to Shanghai ElectricBy
Manz to sell new shares to investors to add Chinese partner
Dieter, Ulrike Manz won't participate in capital increase
German machine builder Manz AG jumped as much as 16 percent after announcing plans to sell a stake of at least 29.9 percent to Shanghai Electric Group Co., with the possibility of a full takeover, as the Apple Inc. supplier restructures and raises funds.
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