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Shareholder consortium prepares takeover of Transics
April 23, 2012 / 4:25 PM / 5 years ago

Shareholder consortium prepares takeover of Transics

BRUSSELS, April 23 (Reuters) - A shareholder consortium which includes the chief executive of Transics International is preparing a takeover of the company, the consortium said in a statement on Monday.

The consortium, Tavares, represents about 30 percent of the shareholders, including chief executive Walter Mastelinck and Creafund, a Belgian investment fund.

“Tavares NV is in the process of preparing a formal file for submission to the Financial Services and Markets Authority,” it said in a statement.

Belgium-based Transics makes onboard computers for trucks. (Reporting by Ben Deighton)

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