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Schindler unloads Japanese business to Otis after accident

[ZURICH] Elevator maker Schindler said it is selling its Japanese business to United Technologies' Otis unit after its new installations in the country were halted following a 2006 accident. It gave no financial terms.

Following the sale to Otis Japan, Swiss-based Schindler said it planned to remain in Japan to "meet its legal and societal obligations with respect to ongoing legal cases".


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