Brief: Leoni AG To Agree On Sale Of The Business Group Industrial Solutions

Leoni AG

01/10/2021 24:10

Sept 30 (Reuters) - Leoni AG  LEOGn.DE :
    * DGAP-ADHOC: LEONI AG TO AGREE ON SALE OF THE BUSINESS
GROUP
INDUSTRIAL SOLUTIONS BELONGING TO THE WIRE & CABLE SOLUTIONS
(WCS) DIVISION WITH BIZLINK HOLDING INC.
    * LEONI - ACTIVITIES TO BE SOLD GENERATED SALES OF ABOUT EUR
430
MILLION IN FISCAL YEAR 2020 AND ARE VALUED WITH AN ENTERPRISE
VALUE OF AROUND EUR 450 MILLION
    * UPON COMPLETION OF SALE, A PROFIT OF AROUND EUR 200
MILLION IS
EXPECTED, TO BE ACCOUNTED FOR IN GROUP'S REPORTED EBIT
    * SIGNING IS SUBJECT TO APPROVAL OF BOARD OF BUYER

Source text for Eikon:  ID:nEQbz0nnLa 
Further company coverage:  LEOGn.DE 

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