Brief: El En Signs Agreement To Sell Majority Stake In Penta Laser Zhejiang
31/03/2025 07:37
March 31 (Reuters) - El En SpA ELEN.MI: SIGNS AGREEMENT TO SELL MAJORITY STAKE IN PENTA LASER ZHEJIANG BUYER IS YANGTZE OPTICAL FIBRE AND CABLE JOINT STOCK (YOFC) AGREEMENT IS SUBJECT TO ITALY'S GOVERNMENT APPROVAL DEAL INCLUDES INTRANSFERABILITY OF OT-LAS' REMAINING STAKE IN PLZ UNTIL APPROVAL OF 2027 BUDGET YOFC TO PAY CASH CHY 240 MILLION Further company coverage: ELEN.MI (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48587696600;))