MANAMA: Mumtalakat, the sovereign wealth fund of Bahrain, has acquired a significant minority equity stake in Premo Group, a leading manufacturer of customised passive electromagnetic components for applications in automotive, telecommunications and electronics industries, among others.
Premo was established in 1962 with headquarters in Malaga, Spain, from which the company oversees its international manufacturing facilities in China, Vietnam and Morocco and its 1,400 employees .
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