Reuters logo
BRIEF-Arconic announces divestiture of its Fusina, Italy Rolling Mill
April 6, 2017 / 10:27 PM / 6 months ago

BRIEF-Arconic announces divestiture of its Fusina, Italy Rolling Mill

April 6 (Reuters) - Arconic Inc

* Arconic announces divestiture of its Fusina, Italy Rolling Mill

* Arconic- expects to record restructuring-related charges representing loss on sale of about $60 million after tax, or $0.12 per diluted share

* Arconic - charges primarily relate to non-cash impairment of net book value of business, injection of $10 million in cash into business prior to its sale

* Arconic Inc - restructuring-related charges of $60 million to be recorded in statement of consolidated operations for q1 of 2017

* Arconic Inc - global rolled products’ has increased its adjusted ebitda margin by 890 basis points - from 3 percent in 2008 to 11.9 percent in 2016

* Arconic inc - announced divestiture of its Fusina, Italy rolling mill to Slim Aluminium Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below