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JWL — Jupiter Wagons News Story

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Brief: Jupiter Wagons Announces Strategic Partnership With Lucchini Rs Holding

BRIEF-Jupiter Wagons Announces Strategic Partnership With Lucchini Rs Holding

- Jupiter Wagons Ltd JUWL.NS:

  • ANNOUNCES STRATEGIC PARTNERSHIP WITH LUCCHINI RS HOLDING

  • LUCCHINI RS TO BUY 15% STAKE IN JUPITER TATRAVAGONKA RAILWHEEL FACTORY; SIMEST TO BUY 10%

  • COMBINED 25% STAKE VALUED AT ABOUT €28 MILLION

  • ODISHA FACILITY TO ENABLE END-TO-END PRODUCTION OF RAILWAY WHEELS, AXLES, AND WHEELSETS

Source text: ID:nBSE5T2G85

Further company coverage: JUWL.NS


((Reuters.Briefs@thomsonreuters.com;;))

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