Brief: Bekaert Sells Steel Wire Solutions Business In Costa Rica, Ecuador, Venezuela

NV Bekaert SA

28/02/2025 06:07

Feb 28 (Reuters) - NV Bekaert SA BEKB.BR:

ANNOUNCES THE SALE OF ITS STEEL WIRE SOLUTIONS BUSINESSES IN COSTA RICA, ECUADOR, AND VENEZUELA

TO SELL STEEL WIRE SOLUTIONS BUSINESSES TO GRUPO AG

TRANSACTION VALUES UNDERLYING ENTITIES AT A CONSOLIDATED ENTERPRISE VALUE OF APPROXIMATELY US$ 73 MILLION, EXPECTED TO BRING IN NET PROCEEDS OF $37 MILLION

TRANSACTION EXPECTED TO CLOSE IN Q3 2025

ACTIVITIES GENERATED $137 MILLION IN CONSOLIDATED REVENUE IN 2024

Source text: ID:nGNE67VZwB

Further company coverage: BEKB.BR

 (Gdansk Newsroom)

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