Edition:
India

Essentra To Sell Its Pipe Protection Technologies Business


Monday, 14 Jan 2019 

Jan 14 (Reuters) - Essentra PLC ::DISPOSAL OF PIPE PROTECTION TECHNOLOGIES BUSINESS.TRANSACTION VALUES PPT AT US$48.0M FREE OF CASH AND DEBT.PRO FORMA IMPACT OF DEAL ON ESSENTRA'S LEVERAGE AS AT 30 JUNE 2018 IS TO REDUCE NET DEBT TO EBITDA RATIO FROM 1.9X AS REPORTED TO 1.6X.DIVESTMENT OF ITS PIPE PROTECTION TECHNOLOGIES BUSINESS TO CERTAIN WHOLLY-OWNED SUBSIDIARIES OF NATIONAL OILWELL VARCO. 

Company Quote

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22 Aug 2019