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BRIEF-Watsco raises ownership interest in JV with Carrier to 80 pct
February 14, 2017 / 12:52 PM / 8 months ago

BRIEF-Watsco raises ownership interest in JV with Carrier to 80 pct

Feb 14 (Reuters) - Watsco Inc

* Watsco raises ownership interest in joint venture with Carrier to 80%

* Watsco - increased its ownership interest of Carrier Enterprise Northeast LLC, a joint venture with Carrier, to 80% for approximately $43 million in cash

* Watsco - incremental investment builds on November 2016 transaction that had increased Watsco’s controlling interest from 60% to 70% Source text for Eikon: Further company coverage:

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