Brief: Saes Announced Signature Of Agreement For Sale Of Its Gas Purification Business

Saes Getters SpA

06/06/2018 23:39

June 6 (Reuters) - Saes Getters SpA -
    * SAES ANNOUNCED THE SIGNATURE OF AN AGREEMENT FOR SALE OF 
ITS
GAS PURIFICATION BUSINESS 
    * AGREEMENT PROVIDES FOR SALE OF US SUBSIDIARY SPG, AS WELL
AS THE
COMMERCIAL OPERATIONS OF SAES GROUP CONTROLLED CO SAES GETTERS
CO LTD
    * NET ASSETS SUBJECT TO THE SALE WERE EQUAL TO €36.4 MILLION
AS AT
DECEMBER 31, 2017 AND €42.7 MILLION AT THE END OF MARCH 2018
    * FOR SALE OF GAS PURIFICATION BUSINESS,SAES WILL COLLECT
ABOUT
355 MILLION US DOLLARS
    * SAES GETTERS USA WILL SELL ALL ITS ASSETS AND LIABILITIES,
EXCLUDING INVESTMENT IN SPG, TO NEWLY ESTABLISHED CO THAT WILL
CONTINUE TO BE OWNED BY SAES
    * EQUITY OF SUSA WILL BE SOLD TO ENTEGRIS TOGETHER WITH
PURIFICATION BUSINESS OPERATIONS OF NANJING
    * SUSA WILL RETAIN ITS CONTROLLING STAKE IN SPG


Further company coverage:  ENTG.O   SAEI.MI 
    

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