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Avingtrans PLC - Cambridgeshire-based supplier of components to energy, medical and industrial sectors - Increases stake in Australian subsidiary Magnetica Ltd to 74% from 61% after contributing A$6.2 million, about £3.5 million, toward A$11.1 million capital raise by Magnetica. The Brisbane-based company develops orthopaedic magnetic resonance imaging technology.
Current stock price: 435.00 pence
12-month change: down 1.7%
By Tom Waite, Alliance News editor
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