Brief: Burckhardt Compression To Become Parent Of Arkos Group

Burckhardt Compression Holding AG

26/11/2019 05:36

Nov 26 (Reuters) - BURCKHARDT COMPRESSION HOLDING AG
 BCHN.S :
    * BURCKHARDT COMPRESSION PURCHASES REMAINING OWNERSHIP OF
ARKOS
FIELD SERVICES
    * INDIRECT SUBSIDIARY OF BURCKHARDT COMPRESSION, PURCHASED
REMAINING 60% OF ARKOS GROUP LLC EFFECTIVE AS OF NOVEMBER 25,
2019
    * ARKOS GROUP, PARENT OF ARKOS FIELD SERVICES, WILL BE A
100%
SUBSIDIARY OF BURCKHARDT COMPRESSION AND FULLY CONSOLIDATED AS
OF NOV 25, 2019
    * PREVIOUS CEO AND FORMER MAJORITY OWNER OF ARKOS GROUP WILL
LEAVE
COMPANY BUT CONTINUE TO PROVIDE SERVICES AND EXPERTISE

Source text for Eikon:  ID:nNDLbGjZfL 
Further company coverage:  BCHN.S 

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