Brief: El.En. Signs Framework Deal With YOFC To Sell Majority Stake In Laser Cutting Division For EUR 55.3 Mln

El En SpA

08/11/2024 17:33

Nov 8 (Reuters) - El En SpA  ELEN.MI :
    * SIGNS FRAMEWORK DEAL WITH YANGTZE OPTICAL FIBRE AND CABLE
JOINT
STOCK TO SELL MAJORITY STAKE IN LASER CUTTING DIVISION FOR EUR
55.3 MILLION
    * TO RETAIN 19.3% STAKE IN PENTA LASER ZHEJIANG, 30% IN
CUTLITE
PENTA
    * YOFC TO SUBSCRIBE TO 2.5 MILLION EURO CAPITAL INCREASE IN
CUTLITE PENTA

Further company coverage:  ELEN.MI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587696600;))