MANAMA: Bahrain Aluminium Extrusion Company (Balexco) has signed an agreement to sell its 50 per cent stake in Technal Middle East (TME) to Hydro Extruded Solutions, the 50 per cent joint venture partner with whom Balexco established TME in 2000.
The agreed enterprise value for sale of the 50 per cent stake in TME, which delivers tailor-made aluminium building solutions to the Middle East markets, is 35 million euros ($39 .
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