Brief: Neo Performance Materials Agrees To Acquire Leading European Magnet Manufacturer
18/04/2023 14:04
April 18 (Reuters) - Neo Performance Materials Inc
NEO.TO :
* NEO PERFORMANCE MATERIALS AGREES TO ACQUIRE LEADING
EUROPEAN
MAGNET MANUFACTURER
* NEO PERFORMANCE MATERIALS INC - NEO WILL ACQUIRE A 90%
INTEREST
OF SGTEC WITH AN INITIAL PAYMENT OF 10.8M GBP ($13.4M USD)
* NEO PERFORMANCE MATERIALS INC - REMAINING 10% OF SGTEC
WILL
CONTINUE TO BE OWNED BY MEMBERS OF SGTEC'S SENIOR MANAGEMENT
TEAM
Source text for Eikon: ID:nCNWQTkvha
Further company coverage: NEO.TO
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