We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fenner | LSE:FENR | London | Ordinary Share | GB0003345054 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 609.00 | 609.00 | 609.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFENR
RNS Number : 9489W
Fenner PLC
15 February 2017
15 February 2017
Fenner PLC
("Fenner" or "the Company" or "the Group")
CDI Europe: Restructuring & Disposal
Fenner PLC announces that its Advanced Sealing Technologies group of businesses has completed the final part of its restructuring to reposition its CDI European operations, it having completed the disposal of its Norwegian business on Monday, 13 February 2017. This sale enables CDI to centralise the European business back into its principal operation in Houston, Texas which is where CDI's main customer base is located. CDI has retained its operation in Singapore, which is also a key market for its products.
The restructuring will enable CDI to continue to concentrate on building market share, strengthening its market position and building on its customer service capabilities while also enhancing its product innovation and new product offering in what is a competitive environment. CDI will be able to operate on a leaner more efficient and cost effective basis as a result of this restructuring.
CDI designs and manufactures custom seals for upstream oil and gas applications and is the Group's largest oil & gas related business.
The gross assets disposed with this transaction equate to less than 1% of Advanced Sealing Technologies' gross assets.
The person responsible for making this announcement is:
Debra Bradbury - Group Company Secretary
ENDS
For further information please contact:
Fenner PLC Mark Abrahams John Pratt 01482 626500 Weber Shandwick Financial Nick Oborne / Tom Jenkins 020 7067 0700
Notes to editors:
Fenner PLC is a world leader in reinforced polymer technology, providing local engineered solutions for performance--critical applications.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISGGUMWPUPMUBA
(END) Dow Jones Newswires
February 15, 2017 04:38 ET (09:38 GMT)
1 Year Fenner Chart |
1 Month Fenner Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions