Brief: VDI Group sells hygiene and security subsidiaries

Upergy SA

03/11/2014 18:54

Nov 3 (Reuters) - VDI Group  ALVDI.PA : 
     
    * Confirms sale of it Hygiene Products Distribution units 
(Metropolitan France), DOM Hygiene Industry based in La Reunion 
and part of its VDI Belgium business  
    * Units were sold to TINI, a holding company that controls 
BBA Emballages 
    * Sale represents about half of the Hygiene and Security 
division of VDI Group 
    * Says all the cash from the sale will be invested in its 
battery business 
    * Sale follows the protocol agreement signed on Oct. 2 
     
  
 Source text: http://bit.ly/1obhloV 
     
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Keywords: VDI GROUP/BRIEF