Brief: Hexagon Composites To Sell Hexagon Ragasco To Worthington Enterprises

Hexagon Composites ASA

29/05/2024 16:05

May 29 (Reuters) - Hexagon Composites ASA  HEX.OL :
    * HEXAGON COMPOSITES ANNOUNCES SALE OF HEXAGON RAGASCO TO
WORTHINGTON ENTERPRISES AND ACQUISITION OF 49% OF WORTHINGTON
ENTERPRISES' SUSTAINABLE ENERGY SOLUTIONS BUSINESS SEGMENT
    * HEXAGON RAGASCO SALE EXPECTED TO CLOSE ON JUNE 3
    * WORTHINGTON ENTERPRISES TO ACQUIRE HEXAGON RAGASCO
    * WORTHINGTON ENTERPRISES WILL ACQUIRE 100% OF HEXAGON
RAGASCO AT
AN ENTERPRISE VALUE OF NOK 1,050 MILLION
    * DEPENDING ON FY 2024 PERFORMANCE OF HEXAGON RAGASCO, VALUE
MAY
BE ADJUSTED BETWEEN MINUS NOK 50 MILLION TO PLUS NOK 100 MILLION

Source text for Eikon:  ID:nWkrx2wgl 
Further company coverage:  HEX.OL 

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