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How to mapped below string

User: "sgnarkhede2016"
New Altair Community Member
Updated by Jocelyn
Hello,
I have a below string 
PROD_CODE|MESSAGEDIRECTION|COUNTERPARTY_RISK=Corporate REMITTANCE|I|HIGH

I want output like
PROD_CODE=Corporate REMITTANCE|MESSAGEDIRECTION=I|COUNTERPARTY_RISK=HIGH

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