Brief: Manitex International announces sale of CVS subsidiary
27/12/2016 17:56
Dec 27 (Reuters) - Manitex International Inc MNTX.O :
* Manitex International Inc announces sale of CVS subsidiary
* Net proceeds of $19 mln slated for debt reduction
* As part of transaction, Manitex retained operations of
CVS's valla division
* Sold CVS unit to BP S.r.l. and NEIP III S.p.A., for $5 mln
in cash, and assumption of $14 mln of net CVS debt
* Expects to record in Q4,year end 2016 results certain
non-cash charges for goodwill, intangible assets
Source text for Eikon: urn:newsml:reuters.com:*:nMKWVRbb1a
Further company coverage: MNTX.O
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