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Somfy SA acquires usufruct rights for 100 percent of Garen Automacao


Thursday, 28 Nov 2013 11:40am EST 

Somfy SA:Says it has acquired the usufruct rights for the whole share capital of the Brazilian company Garen Automacao, specialized in automatic doors and gates.Says it will get the possibility to acquire the complete ownership of the shares no earlier than in 2016.Says the acquisition reflects a 20 million Brazilian reals investment (6.5 million euros). 

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