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November 15, 2005
By: TOM BRANNA
CHINA: Procter & Gamble Co. bought the remaining 20% stake of its Chinese joint venture for $1.8 billion from partner Hutchison Whampoa China Ltd. When the joint venture was established in 1988, P&G had a 69% stake, which it expanded to 80% in a 1997 restructuring of the deal.
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