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VARROC - Varroc Engineering News Story

₹222.7 -7.2  -3.1%

Last Trade - 11:29am

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £314.8m
Enterprise Value £640.4m
Revenue £1.13bn
Position in Universe 422nd / 3000

BRIEF-Varroc Engineering Says Unit Signed JV Deal With Elba SA

Wed 19th September, 2018 8:54am
Sept 19 (Reuters) - Varroc Engineering Ltd  VARE.NS :
    * UNIT VARROCCORP HOLDINGS B.V. SIGNED JV AGREEMENT WITH
ELBA SA,
A PRIVATELY-HELD LIGHTING AND ELECTRONICS COMPANY BASED IN
ROMANIA
    * VARROC AND ELBA TO CONTRIBUTE EQUITY FOR JV IN RATIO OF 70
PERCENT AND 30 PERCENT, RESPECTIVELY
    * JOINT VENTURE WILL BE LOCATED IN TIMISOARA, ROMANIA
    * JV WILL FOCUS ON ELECTRONICS MANUFACTURING

Source text: http://bit.ly/2DbqifC
Further company coverage:  VARE.NS 

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