Brief: Seco/Warwick to Sell 98% of India-based SW Allied

Seco/Warwick SA

20/12/2017 14:29

Dec 20 (Reuters) - SECO/WARWICK SA  SWG.WA : 
    * WILL SELL 98 PERCENT STAKE IN ITS INDIA-BASED UNIT SECO/WARWICK ALLIED 
PVT. LTD. 
(SW ALLIED) 
    * WILL CLASSIFY THE UNIT AS AN ASSET FOR SALE AND WILL RECOGNIZE 12.2 
MILLION 
ZLOTYS REGARDING ITS SALE IN FY 2017 STATEMENT 
    * THROUGH THE SALE OF SHARES IN SW ALLIED CO PLANS TO REDUCE OPERATIONAL 
COSTS AND 
RISKS OF BEING PRESENT ON THE INDIAN MARKET 
    * PLANS TO MAINTAIN ITS PRESENCE ON THE MARKET THROUGH SECO/WARWICK SYSTEMS 
AND 
SERVICES INDIA PVT. LTD. 
 
Source text for Eikon:  ID:nEM1H8Hyra  
Further company coverage:  SWG.WA  
 
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