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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Spectris Plc | LSE:SXS | London | Ordinary Share | GB0003308607 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 8.00 | 0.25% | 3,264.00 | 3,288.00 | 3,292.00 | 3,320.00 | 3,232.00 | 3,254.00 | 276,761 | 16:35:25 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Industrial Measurement Instr | 1.45B | 145.4M | 1.4407 | 22.85 | 3.32B |
From Apr 2019 to Apr 2024
By Carlo Martuscelli
Spectris PLC (SXS.LN) said on Thursday that it has agreed to sell a 50% stake in its environmental monitoring business EMS Bruel & Kjaer to Macquarie Capital, a branch of Macquarie Group Ltd. (MQG.AU), for 76.6 million Australian dollars ($102.3 million).
The sale is expected to complete early in the second quarter of 2018 and would transform EMS into a joint-venture, precision instrumentation company Spectris said. Spectris would use the proceeds of the sale to reduce its net debt.
"Macquarie Capital's expertise as a world-leading infrastructure advisor and investor will be of great benefit to the new joint venture in its next stage of development," it added.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
December 14, 2017 04:20 ET (09:20 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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