The company is planning to sell HITCO, its aerostructure business, to the Canadian company Avcorp Industries. The subsidiary manufactures composite structural parts for commercial and military aerostructures. In the real world, this business should have been profitable but it hasn't been profitable at SGL Carbon for a while. The company will not receive money from Avcorp but instead has to pay it US$47m for customers' advanced payments. The total deal will lead to impairment charges of around
20 Jul 2015
Escaping with no more than a fright
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Escaping with no more than a fright
SGL Carbon SE (SGL:WBO) | 0 0 -0.4% | Mkt Cap: 1,409m
- Published:
20 Jul 2015 -
Author:
Heinz Steffen -
Pages:
2
The company is planning to sell HITCO, its aerostructure business, to the Canadian company Avcorp Industries. The subsidiary manufactures composite structural parts for commercial and military aerostructures. In the real world, this business should have been profitable but it hasn't been profitable at SGL Carbon for a while. The company will not receive money from Avcorp but instead has to pay it US$47m for customers' advanced payments. The total deal will lead to impairment charges of around