Magnetic MRO set for change in ownership

Baltic maintenance, repair and overhaul (MRO) firm Magnetic MRO plans to raise up to €8.95 million ($10.1 million) to fund organic growth, through a capital increase that could see Chinese company Shenzhen Yongtai Trading Co. and Hong Kong-based Sapphire Investment Holding acquiring shareholdings of up to 13.44% and 1.6%, respectively.…

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