Russia's SPZ Group Taking Foreign Investment
By PYC Bearings
©2004-2008
Summary: You can find various technical data of bearings and the most professional bearings suppliers here,and we release the latest bearings information of different places in the world every day.
SPZ Group (Russian Federation), which claims to be Russia's largest bearing manufacturer, announced it is taking foreign investment from two private equity firms.
Under the agreement, Springdale Investments Ltd., and Printex Investments Ltd. will be allowed to acquire up to 120,999 shares in SPZ Group by the end of 2008.
Neither company, however, shows up on any private equity investor listings.
SPZ Group reportedly had 350,000 shares outstanding; it will dilute up to 605,000 after the two investments and the management exercises leveraged buying.
bearing news related navigation:
SKF Economos Strengthens Customer Support with HQ ExpansionThe Kind Fund Council of Weifang Highfull Bearing FoundedUBC to Hold Steel Mill Seminar in ThailandA New Plant of West Henan Bearing GroundbreakingKML Truck and Trailer Parts ServiceDana Names Gary L. Convis Chief Executive OfficerLubricant-free Bearings Protect EnvironmentKaydon Q1 Earnings Fall on Higher CostsTimken Expands North American CM OfferingsKaman Acquiring Industrial Supply Corp.Griffith Hopes Timken Make Certain Contribution to China Aerospace IndustryUBC Xiamen Joins the 12th China Xiamen Machinery and Electronics Exhibition (CXMEE)Leaders from Ningbo and Cixi Visited Bearing Manufacturers in HengheNingbo Wtoo Bearing Became Suzhou Kingclean Group's Preferred SupplierRolex Rings to Buy LatAm Forgings CoEmerson Passes Safety PlateauTimken Plans Major UpgradePacific Bearing Introduces Integral V TechnologyTimken to Present at Merrill Lynch Global Industries Investor ConferenceSKF China Manager Presented an Academic Lecture in HUST
