Consilium agrees to sell its biggest division, shares soar
23/12/2019 08:29
STOCKHOLM, Dec 23 (Reuters) - Sweden's Consilium CONSb.ST
has agreed to sell its biggest division, Marine & Safety, for 3
billion crowns ($318 million), news that sent its shares more
than tripling in value on Monday.
The maker of fire and gas detection and navigation and
emission monitoring systems for ships, properties,
transportation and the oil and gas industry said in a statement
it had agreed to sell the division to private equity firm Nordic
Capital.
Consilium's shares were up 206% at 0822 GMT.
($1 = 9.4253 Swedish crowns)
(Reporting by Anna Ringstrom; editing by Jason Neely)
((anna.ringstrom@thomsonreuters.com; +46 8 502 423 74; Reuters
Messaging: anna.ringstrom.thomsonreuters.com@reuters.net))