An announcement from TPI Composites (TPIC) is now available.
Composite Solutions, Inc., a subsidiary of TPI Composites, Inc., has agreed to sell its Automotive Subsidiary to CCI Global Water Fund LP for a nominal sum, with additional compensation possible through a transition services agreement. The deal, which is subject to standard closing conditions, is set to conclude by June 30, 2024. Concurrently, the President of the Automotive division will join CCI post-sale, and a press release about the transaction has been issued. These forward-looking statements are speculative and subject to risks and uncertainties detailed in the company’s SEC filings.
Learn more about TPIC stock on TipRanks’ Stock Analysis page.
