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ITT is selling another of its South Africa units.

June 18, 1987

ITT Corp., a New York-based telecommunications, manufacturing and services company, said it reached an agreement to sell its Alfred Teves Engineering unit, which employs 300 people and manufactures automobile brakes, to Glasfin Investments Ltd., a local company. The price wasn't disclosed. ITT also said it would sell its minority stakes in South African telephone directory and cable businesses. In 1980, it sold its stake in Allied Technologies, its telecommunications affiliate in South Africa.

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