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Dormakaba sells GMT and issues bonds for 680m CHF

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Published in issue 43/2017
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The door-system supplier Dormakaba Holding AG of Rümlang, Switzerland, has parted with its Chinese subsidiary GMT Hardware Co. Ltd. of Shanghai. According to a company release, the sale was concluded with effect from 29 September 2017. The buyer is Argus Holdings Ltd., a majority shareholder of Guangzhou Seagull ...

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