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Morgan Stanley and Annex Capital Acquires Ploucquet

By Anonymous
Publication: Asian Textile Business
Date: Monday, May 1 2006

Morgan Stanley and Annex Capital have completed acquisition of 100% of the share capital of Ploucquet Holding GmbH from forty descendants of the group's founding family, who wanted to transfer the responsibility regarding prospective development and internationalization to financially strong partners.

The

acquisition represents the latest in a series of transactions that have restored the company to financial health. As a first step, Morgan Stanley has granted new loans to finance the working capital needs of the business.

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