SIG Plc To Sell Its Air Handling And Building Solutions Division

  • Oct 07, 2019 BST
  • Team Kalkine
  • SIG Plc (SHI) has entered into an agreement for sale with France Air Management SA for its Air Handling Division.
  • The enterprise value for the deal is of EUR 222.7m (£198.3m) on a cash-free, debt-free basis and is of approximately 10.2x underlying operating profit.
  • Separately it has entered into an agreement for the sale of Building Solutions (National) Limited to Kingspan Holdings (Panels) Limited for a consideration of £37.5million on a cash-free, debt-free basis.
  • On 7th October 2019, at the time of writing, GMT 12:23 PM, SHI shares were trading at GBX 100.00, down by 19.50 points or 16.32 per cent against the previous day closing price.

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