November 1, 2016 / 8:26 AM / 3 years ago

BRIEF-Allied Electronics unit to sell Powertech Battery

Nov 1 (Reuters) - Allied Electronics Corporation Ltd :

* Has entered into a binding offer with Trinitas, whereby Powertech Industries will dispose of Powertech Battery Group

* Deal for a total cash consideration of 300 mln rand calculated on an enterprise value basis (debt and cash free) Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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