French components manufacturer ALCATEL is to disburse EUR 351 million to take over control of its Chinese joint venture, SHANGHAI BELL. An agreement concluded between the French company and the Chinese Minister for Industry and Information provides for ALCATEL to first of all acquire 10% of the capital plus one share of SHANGHAI BELL from Chinese shareholders. It will then take over an 8.35% stake held by the Belgian government. The joint venture activities will then be grouped in a new...