SGL Carbon has sold its loss-making business division Performance Products (PP) to the Japanese company Showa Denko for an enterprise value of around €350m cash and debt free. The company will receive at least €200m after the deduction of standard debt-like items such as pension and restructuring provisions.
20 Oct 2016
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Small is beautiful!
SGL Carbon SE (SGL:WBO) | 0 0 -0.4% | Mkt Cap: 1,409m
- Published:
20 Oct 2016 -
Author:
Heinz Steffen -
Pages:
2
SGL Carbon has sold its loss-making business division Performance Products (PP) to the Japanese company Showa Denko for an enterprise value of around €350m cash and debt free. The company will receive at least €200m after the deduction of standard debt-like items such as pension and restructuring provisions.