Brief: Varroc Engineering Says Unit Signed JV Deal With Elba SA
19/09/2018 08:54
Sept 19 (Reuters) - Varroc Engineering Ltd VARE.NS :
* UNIT VARROCCORP HOLDINGS B.V. SIGNED JV AGREEMENT WITH
ELBA SA,
A PRIVATELY-HELD LIGHTING AND ELECTRONICS COMPANY BASED IN
ROMANIA
* VARROC AND ELBA TO CONTRIBUTE EQUITY FOR JV IN RATIO OF 70
PERCENT AND 30 PERCENT, RESPECTIVELY
* JOINT VENTURE WILL BE LOCATED IN TIMISOARA, ROMANIA
* JV WILL FOCUS ON ELECTRONICS MANUFACTURING
Source text: http://bit.ly/2DbqifC
Further company coverage: VARE.NS
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