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WEGE3.SA on Sao Paulo Stock Exchange

17 Nov 2017
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R$ 0.57 (+2.62%)
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Wed, Jul 19 2017

Brazil recovery, cost-cutting efforts bolster WEG profit

SAO PAULO, July 19 WEG SA, Latin America's biggest maker of electric motors, posted a rise in second-quarter profit on Wednesday as recovering Brazilian demand and cost-cutting efforts improved operating margins.

Brazil's WEG says to buy CG Power USA for $37 mln

BRASILIA, June 21 WEG SA, Latin America's largest producer of electric motors, signed a deal to buy CG Power USA Inc for $37 million, the company said in a securities filing on Wednesday.

BRIEF-CG Power and Industrial Solutions accepts binding offer of Weg SA for sale of power business in U.S.

* Accepted binding offer of Weg SA for acquisition of co's power business in the U.S. at enterprise value of $37 million Source text for Eikon: Further company coverage:

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