Brief: Latecoere Sells EWIS Business In Queretaro, Mexico To Bombardier

Latecoere SA

07/03/2023 07:33

March 7 (Reuters) - Latecoere SA  LAEP.PA :
    * SALE OF LATECOERE’S ELECTRICAL WIRING AND INTERCONNECTION
SYSTEMS BUSINESS IN QUERÉTARO (MEXICO) TO BOMBARDIER
    * CLOSING OF THIS TRANSACTION IS TARGETED FOR Q2 2023
    * LATECOERE WILL CONTINUE TO DEVELOP ITS OWN EWIS ACTIVITIES
FROM
HERMOSILLO, MEXICO, WITHIN ITS CO-LOCATED AEROSTRUCTURES AND
WIRING SIT
    * BOMBARDIER WILL REMAIN AN INTEGRAL CUSTOMER OF LATECOERE
GROUP
IN NORTH AMERICA
    * ENTERED INTO DISCUSSIONS WITH ITS STAKEHOLDERS INCLUDING
ITS
LENDERS TO ENHANCE GROUP'S OVERALL CAPITAL STRUCTURE IN RELATION
TO ITS CURRENT LOANS AND PGES

Source text for Eikon:  ID:nBw12hhBBa 
Further company coverage:  LAEP.PA 

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