RUSSIA - Ahlstrom sells Wessen

In 2005, the private equity firm acquired 51% of Wessen, and increased its stake to 70% a year later. The completion of the transaction is subject to the authorisation of the Russian antitrust authorities and is expected in the second quarter of 2008. Wessen designs, manufactures and markets a range of electrical accessories, such as switches and sockets. The company has 1,800 staff working at its production facility in Kozmodemiansk and seven sales agencies in Russia.

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