Malmo / SE. (aak) To further strengthen its position in the strategic and fast-growing Indian market, Swedish AAK Group (former AarhusKarlshamn AB) has acquired an additional 12.14 percent of the shares of AAK Kamani, the joint venture between AAK and Kamani Oil Industries Pvt Limited that was formed in September 2015. AAK now owns 63.92 percent of AAK Kamani. The remaining 36.08 percent of the shares is owned by AAK Kamani’s CEO Prakash Chawla and his family. The transaction is completed and has no significant impact on AAK’s earnings, AAK Group said in its short release.
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