March 18, 2020 / 7:41 AM / 11 days ago

BRIEF-Blue Cap Sells em-tec To U.S. Industrial Group

March 18 (Reuters) - Blue Cap AG:

* SAID ON TUESDAY SELLS EM-TEC TO U.S. INDUSTRIAL GROUP

* SALE PRICE IS IN THE LOWER THIRD OF THE DOUBLE-DIGIT MILLION RANGE

* BUYER IS SALES DOVER GERMANY GMBH, BELONGING TO U.S. DOVER CORPORATION

* COMPLETION OF THE TRANSACTION IS EXPECTED IN Q2 2020

* TRANSACTION IS EXPECTED TO HAVE A CLEARLY POSITIVE EFFECT ON EARNINGS FOR THE 2020 FINANCIAL YEAR

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Further company coverage: (Gdansk Newsroom)

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