Brief: MS Industrie AG Announces Sale Of Production For The Daimler World Engine In The USA

MS Industrie AG

21/03/2019 23:59

March 21 (Reuters) - Ms Industrie Ag  MSAG.DE :
    * DGAP-ADHOC: MS INDUSTRIE AG: SALE OF PRODUCTION FOR THE
DAIMLER
WORLD ENGINE IN THE USA
    * MS INDUSTRIE GROUP WILL CONTINUE TO BE PRESENT IN US AND
WILL
SYSTEMATICALLY EXPAND ITS LOCAL BUSINESS ACTIVITIES
    * FOLLOWING TRANSACTION, MS INDUSTRIE GROUP AND GNUTTI TO
CONTINUE
THEIR BUSINESS RELATION WITH MUTUAL DELIVERIES OF
PARTS,COMPONENTS
    * MS INDUSTRIE- EXPECTS IN Q2, THERE WILL BE ONE-OFF
POSITIVE
DECONSOLIDATION EFFECT ON INCOME AND ASSETS OF MS INDUSTRIE
GROUP IN MAGNITUDE OF EUR 17 MILLION
    * MS INDUSTRIE - MS POWERTRAIN TECHNOLOGIE SELLS PRODUCTION
OF
VALVE TRAIN SYSTEMS FOR DAIMLER WORLD ENGINE AT WEBBERVILLE /
MICHIGAN TO GNUTTI CARLO

Source text for Eikon:  ID:nEQ51CsNCa 
Further company coverage:  MSAG.DE 

 ((Reuters.Briefs@thomsonreuters.com;))