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Germany

Germany

DeWind converting back into limited company

German turbine manufacturer DeWind, now part of British industrial group FKI, reports it is converting back into a limited company. DeWind opened its doors to stockholders 1999 to raise capital for its expansion, but instead chose the FKI takeover option. "There is no point in continuing to be a stockholding company because FKI doesn't list its companies on the stock exchange," says Hugo Schippmann, former chairman and managing director of DeWind.

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