Brief: Gefran To Sell Drives Business To WEG for EUR 23 Mln

Gefran Spa

01/08/2022 07:42

Aug 1 (Reuters) - Gefran SpA  GFRN.MI :
    * SIGNS DEAL FOR SALE OF BUSINESS BRANCH TO BRAZILIAN GROUP
WEG
    * DEAL FOR EUR 23 MILLION
    * DEADLINE PROVIDED BY FRAMEWORK AGREEMENT IS 30 JUNE 2023,
POSSIBLY EXTENDABLE UNTIL 31 DECEMBER 2023
    * DEAL INVOLVES SALE OF DRIVES BUSINESS

Further company coverage:  GFRN.MI 

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