DAVOS: HongShan Capital Group (HSG) said it has struck a deal to acquire a majority stake in Marshall Group in a deal valuing the Stockholm-based audio equipment maker at €1.1bil or about US$1.15bil.
Swedish telecom group Telia said separately it has agreed to sell its 9.6% stake in Marshall Group to HongShan for 1.15 billion Swedish crowns or about US$105mil.
