Brief: Touax to sell its modular building activities in Europe

Touax Sgtr Cite Sgt Cmte Taf Slm Touage Investissements Reunies SCA

03/07/2017 16:45

July 3 (Reuters) - TOUAX SCA  TETR.PA : 
    * REG-TOUAX INTENDS TO SELL ITS MODULAR BUILDING ACTIVITIES 
IN EUROPE TO A COMPANY CONTROLLED BY FUNDS MANAGED BY TDR 
CAPITAL LLP 
    * HAS ALSO SIGNED AN ADVISORY MANDATE TO SELL ITS BUSINESS 
IN UNITED STATES 
    * INTENDS TO EXPAND ITS BUSINESS IN AFRICA (THROUGH ITS 
ENTITY WHICH IS 51% OWNED BY TOUAX AND 49% BY A PRIVATE EQUITY 
FIRM) 
    * DEAL EXPECTED TO CLOSE IN SECOND HALF OF 2017 
 
SOURCE TEXT FOR EIKON:  ID:nGNE91rLrD  
FURTHER COMPANY COVERAGE:  TETR.PA  
 
 (Gdynia Newsroom:) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;))