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TenneCo Inc to Buy 20% Equity Interest in Tenneco Tongtai (Dalian) Exhaust System - Reuters


Wednesday, 18 Sep 2013 08:00pm EDT 

Reuters reported that TenneCo Inc has entered into agreement to buy 20% equity interest in Tenneco Tongtai (Dalian) Exhaust System Co., Ltd. (TTEC) for approximately USD 69 million, and as a result of this purchase, TTEC will become a wholly owned direct subsidiary of TenneCo In. TTEC is a joint venture of the Company in Dalian, China. 

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