Chemring Group Plc completes the disposal of its US subsidiary

1 min read | May 08, 2020 03:08 AM AEST | By Team Kalkine Media

Google News:

Recent News

NAB (ASX:NAB), Westpac (ASX:WBC) and ANZ (ASX:ANZ): The Market Signal...

Evolution Mining (ASX:EVN): What’s Really Driving Gold Stocks Now?

Bank Margin Focus Returns as Commonwealth Bank Leads Debate

Record Flow Rebalance: Why Vanguard Australian Shares Index ETF (ASX:V...

Make Kalkine Media
My Trusted Source

Chemring Group Plc (LON:CHG) has informed about the completion of the disposal.

The company previously on November 21, 2019 had announced that it entered into a conditional agreement to sell its US subsidiary Chemring Ordnance, Inc. to Nammo Defense Systems Inc.
The disposal was for a cash consideration of $17 million and was subject to regulatory approval by the US authorities.
The company has now informed that all regulatory approvals have been received and the sale process has completed.
On 7^th May 2020, at the time of writing, GMT 08:37 AM, CHG shares were trading at GBX 198.80, unchanged against the previous day closing price.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.