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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Macquarie Group Limited | ASX:MQG | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -0.53% | 188.00 | 187.42 | 188.41 | 191.43 | 187.81 | 190.50 | 562,359 | 09:50:00 |
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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