Sumitomo Heavy: In Exclusive Talks To Buy Hansen Industrial
October 15 2010 - 4:01AM
Dow Jones News
Sumitomo Heavy Industries Ltd. (6302.TO) Friday said it has
entered exclusive talks to buy a stake in Belgium-based industrial
gearbox maker Hansen Industrial Transmissions NV.
The Japanese heavy machinery maker said it is talking with
parent company Hansen Transmissions International NV (HSN.LN).
Assuming they sign a share buy pact, Sumitomo will disclose details
around January 2011.
-By Hiroyuki Kachi, Dow Jones Newswires; 813-6269-2789;
Hiroyuki.Kachi@dowjones.com
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