Brief: Viohalco's Subsidiary Etem Bulgaria Decides Spin-Off, Enters Investment Agreement With Gestamp

Viohalco SA

10/01/2019 17:03

Jan 10 (Reuters) - VIOHALCO SA  VIOH.BR :
    * SUBSIDIARY ETEM BULGARIA DECIDES SPIN-OFF OF PRODUCTION OF
EXTRUDED ALUMINIUM PROFILES BUSINESS AND ADDITIONAL PROCESSING
OF ALUMINIUM PROFILES
    * ETEM BULGARIA ENTERS INTO INVESTMENT AGREEMENT WITH
GESTAMP
    * AS PART OF THE AGREEMENT, TWO JOINT VENTURES WILL BE
ESTABLISHED
WHICH WILL FOCUS ON THE EXTRUSION AND PROCESSING OF ALUMINIUM
PROFILES FOR THE AUTOMOTIVE INDUSTRY
    * INVESTMENT PROGRAMME OF APPROX. EUR 30 MILLION WILL BE
IMPLEMENTED, IN THE NEXT THREE YEARS
    * INVESTMENT PROGRAMME FOR INSTALLATION OF NEW EXTRUSION
LINE AND
RELATED MACHINERY FOR FURTHER PROCESSING OF ALUMINIUM PROFILES
IN BULGARIA

Source text: https://bit.ly/2VGKsDs
Further company coverage:  VIOH.BR 

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