Chinese seating manufacturer Zhejiang Science and Technology Investment Company (ZTC) has paid £55 million ($73.7 million) to acquire a stake in UK-based Acro Aircraft Seating previously held by private equity firm BGF.   “The company will, subject to the satisfaction of certain conditions including regulatory approval, be acquired by ZTC for £55 million. The acquisition will accelerate Acro’s access to the Chinese market. ZTC is the parent company of ...

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