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Turkey appliances maker buys Chinese company

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Arcelik AS, Turkey's biggest maker of household appliances, has completed its purchase of Chinese washing-machine maker Changzhou Casa Shinco Appliances Co.

The deal changes the company's name to Beko Electrical Appliances Co. Arcelik agreed to pay 60 million yuan (US$8 million) for the Chinese company.

(Shanghai Daily September 26, 2007)

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