Brief: Biesse To Sell Dongguan Korex Machinery For Expected Value Of EUR 22.5 Mln

Biesse

28/01/2021 10:37

Jan 28 (Reuters) - Biesse SpA  BSS.MI :
    * REACHES AGREEMENT FOR TOTAL SALE OF COMPANY DONGGUAN KOREX
MACHINERY CO. LTD LOCATED IN DONGGUAN, CHINA
    * DEAL VALUE ESTIMATED AT 183.5 MILLION CNY EQUAL TO EUR
22.5
MILLION
    * COMPLETION OF DEAL IS EXPECTED BY MID-MARCH 2021
    * EXPECTED IMPACT ON GROUP'S CONSOLIDATED FINANCIAL
STATEMENTS IS
CAPITAL GAIN OF AROUND €17 MILLION

Source text for Eikon:  ID:nBIA70ltS0 
Further company coverage:  BSS.MI 

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