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JPMP

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JPMPJianghan Petroleum Machinery Plant (Qianjiang, Hubei, China)


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These former Directors have informed the Company that their resignations result from potential conflicts of interest which may arise as employees and/or representatives of the JPMP Funds, which as creditors of the Company have an interest in the proceeds of the sale of the assets of the Company.
JPMP has invested over $15 billion worldwide in consumer, media, energy, industrial, financial services, healthcare and technology companies since its inception in 1984.
NYSE: JPM), and Bancroft Private Equity, LLP ("Bancroft"), a Central European private equity firm, today announced that they have signed a definitive agreement under which JPMP and Bancroft will acquire Nowaco Central Europe ("Nowaco CE" or the "Company") from Nowaco Group A/S (Copenhagen: NOWA), for a total enterprise value of approximately EUR90 million (US$113 million).
 
 
 
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