Brief: Mattr To Sell Substantial Part Of Its Pipeline And Pipe Services Segment To Tenaris For About $220 Million CAD
15/08/2023 24:10
Aug 14 (Reuters) - Shawcor Ltd MATR.TO :
* MATTR SIGNS DEFINITIVE AGREEMENT TO SELL A SUBSTANTIAL
PART OF
ITS PIPELINE AND PIPE SERVICES SEGMENT TO TENARIS FOR
APPROXIMATELY $220 MILLION CAD
* SHAWCOR LTD- COMPANY EXPECTS TO RECEIVE GROSS SALE
PROCEEDS OF
APPROXIMATELY $166 MILLION USD, OR APPROXIMATELY $220 MILLION
CAD AT CURRENT EXCHANGE RATES
* SHAWCOR - PERIMETER OF TRANSACTION DOES NOT INCLUDE
ENTITIES OF
PPG BUSINESS IN MALAYSIA, ITALY, UNITED KINGDOM AND BRAZIL
Source text for Eikon: ID:nGNX2BgMG2
Further company coverage: MATR.TO
((Reuters.Briefs@thomsonreuters.com;))