Brief: Gefran Says Subsidiary Entered Into Agreement With WEG Group For Sale Of Chinese Business Unit
31/12/2022 09:07
Dec 31 (Reuters) - Gefran SpA GFRN.MI :
* GEFRAN - SUBSIDIARY GEFRAN SIEI DRIVES TECHNOLOGY ENTERED
INTO
AGREEMENT WITH WEG AUTOMATION EQUIPMENT FOR SALE OF CHINESE
BUSINESS UNIT FOR 2.98 MILLION EUROS
* PURCHASE PRICE OF 2.98 MILLION EUROS IS OUT OF AN OVERALL
OF
AGREEMENT FOR SALE OF DRIVES BUSINESS EQUAL TO 23 MILLION EUROS
Source text for Eikon: ID:nINF459B5Y
Further company coverage: GFRN.MI
((reuters.briefs@thomsonreuters.com;))