March 21, 2018 / 5:10 PM / a month ago

BRIEF-M&C To No Longer Need Capital Increase If North-American Business Sale Is Closed By Q2

March 21 (Reuters) - M&C SPA:

* TO NO LONGER NEED TO EUR 30.5 MILLION CAPITAL INCREASE IF SALE OF NORTH-AMERICAN BUSINESS IS FINALIZED BY Q2 2018

* BOARD HAS EXAMINED AND APPROVED BUSINESS PLAN FOR 2018-2021

* MAIN OBJECTIVE OF PLAN IS THAT THE EUROPEAN BUSINESS OF TREOFAN RETURNS TO A SATISFACTORY PROFITABILITY

* PLAN SEES FURTHER FOCUS OF EUROPEAN BUSINESS OF TREOFAN ON SPECIALTY PRODUCTS, EXPECTED TO REPRESENT UP TO 75% OF SALES FOR 2021 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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