Brief: Scandinavian Brake Systems Agrees To Sell SBS Friction To Brembo

SCANDINAVIAN BRAKE SYSTEMS Under frivillig likvidation A/S

18/11/2020 09:08

Nov 18 (Reuters) - Scandinavian Brake Systems A/S  SBS.CO :
    * SAID ON TUESDAY SIGNED AGREEMENT TO SELL UNIT SBS FRICTION
TO
BREMBO GROUP FOR DKK 300 MLN
    * TRANSACTION IS EXPECTED TO TAKE PLACE IN Q1 2021
    * BREMBO TAKES OVER BOTH SBS FRICTION WITH ABOUT 100
EMPLOYEES AND
SBS GROUP'S DOMICILE AND PRODUCTION PROPERTY IN SVENDBORG

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNEF1HPP
 Further company coverage:  SBS.CO  
   


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