Cie Automotive India LtdNSE: CIEINDIA

CIE Automotive Completes Acquisition Of Weidplas Brasil

· Issued by Cie Automotive India Ltd

CIE Automotive SA BME:CIE:

  • COMPLETES ACQUISITION OF WEIDPLAS BRASIL

  • ENTERPRISE VALUE OF THE TRANSACTION AMOUNTS TO AROUND EUR 65 MILLION

  • PRICE OF TRANSACTION HAS BEEN PAID IN CASH AND BY MEANS OF CASH AVAILABLE

  • WEIDPLAS BRASIL WAS RENAMED TODAY CIE AUTOMETAL PIRACICABA