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Oerlikon Textile has sold Oerlikon Enka Tecnica to Uwe Gaedike Beteiligung GmbH of Bonn, Germany. Finalized with effect from 25 November 2009, the deal is in effect a management buyout led by Uwe Gaedike, former Head of Spinning & Nonwovens at Oerlikon Enka Tecnica GmbH.
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