Brief: Sogefi Says It Has Put Option Agreement Signed For Sale Of Filtration Business Unit On An Enterprise Value Of Euro 374 Mln​

Sogefi SpA

23/02/2024 18:13

Feb 23 (Reuters) - Sogefi SpA  SGFI.MI :
    * CONSIDERATION BASED ON AN ENTERPRISE VALUE OF EURO 374
MILLION
    * TRANSACTION WOULD RESULT IN A CAPITAL GAIN OF
APPROXIMATELY EURO
130 MILLION
    * THE TRANSACTION ENTAILS THE REDUCTION OF THE POWERTRAIN
COMPONENT IN THE GROUP'S BUSINESS PORTFOLIO
    * AT LEAST 50% OF PROCEEDS FROM SALE, ESTIMATED IN
APPROXIMATELY
EURO 330 MILLION, WILL BE ALLOCATED TO REDUCTION OF GROUP'S
INDEBTEDNESS
    * TRANSACTION ALSO ALLOWS THE REDUCTION OF THE COMPLEXITY
AND
DIVERSIFICATION OF THE GROUP

Source text for Eikon:  ID:nBIA26DBXt 
Further company coverage:  SGFI.MI 

 ((Reuters.Briefs@thomsonreuters.com;))