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MQG Macquarie Group Limited

188.00
-1.00 (-0.53%)
24 Apr 2024 - Closed
Delayed by 20 minutes
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

Spectris Sells 50% Stake in Environment Monitoring Business

14/12/2017 9:35am

Dow Jones News


Macquarie (ASX:MQG)
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From Apr 2019 to Apr 2024

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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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