Brief: Burckhardt Compression Signs MoU To Fully Acquire Shenyang Yuanda Compressor

Burckhardt Compression Holding AG

14/09/2020 06:41

Sept 14 (Reuters) - Burckhardt Compression Holding AG
 BCHN.S :
    * SIGNS A MEMORANDUM OF UNDERSTANDING FOR THE ACQUISITION OF
THE
REMAINING 40% IN SHENYANG YUANDA COMPRESSOR
    * TO FINANCE THE TAKEOVER, BURCKHARDT COMPRESSION PLANS TO
ISSUE A
BOND ON THE SWISS CAPITAL MARKET
    * CONFIRMS THE OUTLOOK FOR THE 2020 FINANCIAL YEAR AND
EXPECTS
SALES OF OVER CHF 650 MILLION AND STABLE PROFIT MARGINS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL8ShylW
    
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