Riihimäen Tilat ja Kehitys Ltd and Reka Kaapeli Oy acquired 88.25% stake in Riihimaen Kaapelitehdas Oy from Neo Industrial Plc (HLSE:NEO1V) on August 29, 2019. Under the transaction, Riihimäen Tilat ja Kehitys Ltd acquired 68.05% stake for €2 million, while Reka Kaapeli Oy acquired 20.2% stake in Riihimaen Kaapelitehdas. Riihimäen Tilat ja Kehitys Ltd and Reka Kaapeli Oy completed the acquisition of 88.25% stake in Riihimaen Kaapelitehdas Oy from Neo Industrial Plc (HLSE:NEO1V) on August 29, 2019.