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Buying up stake in small turbine manufacturer Zephyr
1 June 2006
Tokyo's Challenge Japan Investment Fund (CJIF), a subsidiary of the Itochu trading company, has paid ´50 million for a 4.1% stake in Zephyr Corporation, a manufacturer of small wind turbines, also based in Tokyo. Under the agreement, Itochu will assist in sales and marketing of Zephyr's new AirDolphin wind turbine and help with some overseas operations, the details of which have yet to be confirmed.
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