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Advantech's European Unit to Divest Advantech Europe

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Advantech's (TPE:2395) European subsidiary, Advantech Europe Holding, will dispose of its entire stake in Advantech Europe to affiliate, Advantech Automation Corp., according to a Friday filing with the Taiwan Exchange.

The industrial computer maker's unit will dispose of 32.3 million shares at NT$43.97 each for a total of about NT$1.42 billion.

The transaction is part of the company's investment restructuring.

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