December 31, 2019 / 7:19 AM / 2 months ago

France's Rexel to sell Gexpro Services unit to LKCM Headwater

PARIS, Dec 31 (Reuters) - French electrical products and energy services company Rexel said on Tuesday that it had agreed to sell its Gexpro Services unit, a business with sales of around $260 million, to private investment company LKCM Headwater.

“This divestment, which follows a disposal program of 650 million euros ($729 million)in 2017 and 2018, is in line with our strategy aiming at optimising our portfolio,” CEO Patrick Berard said.

$1 = 0.8922 euros Reporting by Sudip Kar-Gupta; editing by Jason Neely

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