BRIEF-KNM Group Proposes Disposal Of Entire Stake In Borsig ZM Compression GMBH BY Borsig GMBH

Reuters

28 August 2019 at 7:33 am

Aug 28 (Reuters) - KNM Group Bhd:

* BORSIG GMBH, BORSIG ZM COMPRESSION GMBH ENTERS SALE, PURCHASE DEALS WITH BORSIG ZM SCHWEIZ AG, ISKRA-NEFTEGAZ COMPRESSOR LTD LIABILITY CO

* DEAL FOR DISPOSAL OF ITS ENTIRE SATKE IN BZM FOR A CASH CONSIDERATION OF EUR28 MILLION

* PROPOSED DISPOSAL WILL RESULT IN AN ESTIMATED GAIN OF ABOUT EUR4.01 MILLION TO KNM Source ( http://bit.ly/2zsYJJT) Further company coverage:

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