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The latest announcement is out from AECI Ltd ( (GB:87FZ) ).
AECI Ltd has announced the disposal of assets from its subsidiaries Schirm U.S.A., Inc. and Schirm GmbH, along with its Food and Beverage business. These disposals align with AECI’s strategy to streamline operations and focus on core businesses, potentially enhancing efficiency and growth. The asset sales include Schirm U.S.A.’s chemical toll manufacturing facilities and Schirm GmbH’s Baar-Ebenhausen site, with the latter expected to save AECI approximately EUR 3 million in restructuring and environmental costs. The Food and Beverage business will be transferred to a consortium, ensuring no disruption to ongoing operations.
More about AECI Ltd
AECI Ltd is a South African company focusing on the mining and chemicals industries. It is optimizing its portfolio by divesting from non-core businesses to concentrate on areas with competitive advantages and strong market potential.
Technical Sentiment Signal: Strong Buy
Current Market Cap: £389.9M
For an in-depth examination of 87FZ stock, go to TipRanks’ Overview page.