Plastic Omnium up on Actia Power acquisition

Actia SA

27/06/2022 08:46

** Compagnie Plastic Omnium  PLOF.PA  shares rise around 3%
after the French plastic processing group said it will acquire
ACTIA Group's  MRSP.PA  Actia Power division  urn:newsml:reuters.com:*:nFWN2YC0PX
    ** Plastic Omnium will buy the division for 52.5 million
euros ($55.43 million), with the self-financed transaction
scheduled to close in Q3
    ** The companies had entered exclusive negotiations for the
division in late March  urn:newsml:reuters.com:*:nL5N2VW1CX urn:newsml:reuters.com:*:nFWN2VV11U
    ** French electronic equipment manufacturer ACTIA Group is
up 2%

($1 = 0.9471 euros)

 (Reporting by Elena Vardon)
 ((elena.vardon@tr.com))