 | Mitsubishi Electric announced on Christmas Eve that it has bought Italian air conditioning company DelClima. Mitsubishi Electric now owns 74.97% of the DelClima share capital and it plans to buy the remaining 25.03% soon. The deal came to light in August 2015 when the Japanese firm paid DelClima's main investor, DeLonghi, around £489 million for its shares. The acquisition looks set to help develop Mitsubishi Electric's business in China and India where DelClima has a strong presence. |
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