March 31, 2017 / 11:08 AM / 4 months ago

BRIEF-Hexpol buys Czech compounding business from Trelleborg for 65 mln euro

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March 31 (Reuters) - Trelleborg AB, Hexpol

* Trelleborg sells compounding operation in the Czech Republic to Hexpol

* Says transaction is expected to result in a book capital gain of approximately SEK 450 m after tax.

* Says divested operation, which had annual external sales of approximately SEK 300 m in 2016 and profitability in line with level for Trelleborg, will be deconsolidated on march 31, 2017

* Hexpol says acquisition price is estimated to approximately 65 MEUR on a cash and debt free basis and has been funded by a combination of cash and existing bank facilities Source text for Eikon: Further company coverage: (Stockholm Newsroom)

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