Lupatech S.a.BMFBOVESPA: LUPA3

Brazil's Lupatech to Exit Synthetic Rope, Cable Business

· Issued by Lupatech S.a.

Lupatech SA BMFBOVESPA:LUPA3:

  • AGREED TO SELL MACHINERY, EQUIPMENT FOR MANUFACTURE OF SYNTHETIC FIBER CABLES AND ROPES TO A MULTINATIONAL GROUP FOR $9.5 MILLION - FILING

  • WILL CEASE ITS OPERATIONS IN THE SYNTHETIC ROPE AND CABLE BUSINESS