Edition:
United Kingdom

Polypipe Group Announces ‍Potential Sale Of French Operations


Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - Polypipe Group Plc ::POTENTIAL SALE OF FRENCH OPERATIONS/TRADING UPDATE​.‍EXCLUSIVE NEGOTIATIONS TO SELL POLYPIPE FRANCE HOLDING (POLYPIPE FRANCE), ITS FRENCH OPERATIONS, TO RYB S.A.​.‍CASH CONSIDERATION PAYABLE BY RYB WILL BE EUR 16.5 MILLION ON A DEBT FREE, CASH-FREE AND NORMALISED WORKING CAPITAL BASIS​.‍GROUP'S TRADING PERFORMANCE FOR FULL YEAR WAS IN LINE WITH MANAGEMENT EXPECTATIONS​. 

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