1-Jul-2020 8:01 PM

Meggitt sells US subsidiary Meggitt Training Systems for USD146m

Meggitt announced (01-Jul-2020) the sale of its US subsidiary Meggitt Training Systems to Pine Island Capital Partners LLC for cash consideration of USD146 million. The transaction is consistent with the company's strategy to focus on businesses of scale in markets where it offers greater potential for growth and operational efficiencies, with proceeds to go towards general corporate purposes and strengthening liquidity. [more - original PR]

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