Manz Jumps After Deal to Sell Holding to Shanghai Electric

Updated on
  • 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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