FRANCE - AXA PE ups stake in Carbone Lorraine

Carbone Lorraine is comprised of three divisions: advanced materials and technologies, which provides graphite and other high-performance materials for industrial applications; electrical applications, which manufactures and supplies a range of products for electrical motors; and electrical protection, which produces a variety of industrial fuses and other equipment designed to protect against voltage surges. The company conducts 85% of is business outside France and recorded a turnover of €694m in 2007.

The share value gives the company a stock market value of €540m.

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