Brief: Schweiter Technologies sells SSM Textile Machinery division to Rieter

Schweiter Technologies AG

03/07/2017 05:45

July 3 (Reuters) - SCHWEITER TECHNOLOGIES AG  SWTQ.S : 
    * SCHWEITER TECHNOLOGIES SELLS SSM TEXTILE MACHINERY 
DIVISION TO RIETER  RIEN.S  
    * SELLING PRICE, INCLUDING CASH RESOURCES REMAINING WITHIN 
COMPANY, IS CHF 124.2 MILLION, AND ENTERPRISE VALUE (CASH FREE / 
DEBT FREE) IS CHF 100 MILLION 
    * OVERALL TRANSACTION RESULTS IN A BOOK PROFIT OF 
APPROXIMATELY CHF 90 MILLION 
 
Source text for Eikon:  ID:nGNE7XVdtZ  
Further company coverage:  SWTQ.S  
 
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