Brief: Groclin to sell assets to PKC Group for 50 million euros

Less SA

13/02/2015 06:15

Feb 13 (Reuters) - Groclin SA  GCN.WA : 
    * Signs agreement with PKC Wiring Systems Oyj for sale of 
company's and its unit Groclin Wiring Sp. z o.o. assets 
    * To sell  its and its unit material assets connected with 
wiring & controls business unit to an entity controlled by PKC 
Group Plc  PKC1V.HE  
    * Total value of sale of assets to PKC Group Plc is 50 
million euros ($57.2 million)  
    * Closing of transaction is planned for Q2 of 2015; final 
closing date is Nov. 12, 2015 
    * Transaction is conditional on receiving merger clearance 
from german public administration authority- German Federal 
Cartel Office 
 
Source text for Eikon:  ID:nEM1366580  
Further company coverage:  GCN.WA  
 
($1 = 0.8747 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))