Brief: Varroc Engineering To Sell Euope, Americas 4-Wheeler Lighting Business For $631 Mln
29/04/2022 05:20
April 29 (Reuters) - Varroc Engineering Ltd VARE.NS :
* VARROC ENGINEERING LTD - TO FOCUS ON ELECTRONICS,
CONNECTIVITY,
EV PRODUCT LINES, AND 2-WHEELER SEGMENT GLOBALLY
* VARROC ENGINEERING LTD - TO DIVEST ITS 4-WHEELER LIGHTING
SYSTEM
OPERATIONS IN AMERICAS AND EUROPE
* VARROC ENGINEERING LTD - SECURITIES PURCHASE AGREEMENT HAS
BEEN
SIGNED WITH PLASTIC OMNIUM OF FRANCE
* VARROC ENGINEERING LTD - EURO 600 MILLION TRANSACTION WILL
SEE
VARROC DIVESTING ITS LIGHTING SYSTEM OPERATIONS
* VARROC ENGINEERING LTD - WILL ALSO CONTINUE TO OPERATE ITS
CHINA
JV AND OTHER INTERNATIONAL 2-WHEELER BUSINESSES IN COUNTRIES
LIKE ITALY AND VIETNAM
Source text for Eikon: ID:nBSE8D0Vnh
Further company coverage: VARE.NS
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Varroc Engineering
See all newsBrief: Varroc Engineering Q2 Consol Net Profit INR 328.3 Million
Brief: Varroc Engineering Says Varroc And Forsee Power To Form Joint Venture For Ev Battery Solutions In India
Brief: Varroc Engineering Ltd Approved Proposed Investment In Forsee Power India For Acquisition Of 45% Stake
Brief: Varroc Engineering Receives Compounding Order From RBI Foreign Exchange Department
Brief: Varroc Engineering Closure Of Manufacturing Operations Of Varroc Italy S.P.A. (In Italy)