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Bel acquires MOM

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The Bel Group and the MOM Group’s management team on October 20, 2016 signed an agreement with LBO France to acquire the MOM Group. Under the agreement, Bel will become MOM’s majority shareholder with 65% of ordinary shares, while MOM’s management will hold the remaining 35% of ordinary shares. The management team that has led MOM’s development will remain a shareholder. Michel Larroche will continue as MOM’s CEO.

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