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Share Name Share Symbol Market Type Share ISIN Share Description
Essentra Plc LSE:ESNT London Ordinary Share GB00B0744359 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00p -0.83% 357.40p 356.80p 357.20p 360.40p 357.20p 359.40p 64,721 13:25:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 1,027.3 -4.9 43.7 8.2 939.97

Essentra Sells Pipe-Protection Technologies Unit for $48 Miln

14/01/2019 3:55pm

Dow Jones News


Essentra (LSE:ESNT)
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By Anthony O. Goriainoff

 

Essentra PLC (ESNT.LN) is selling its pipe-protection technologies business to National Oilwell Varco Inc. (NOV) for $48.0 million, the company said Monday.

The London-listed supplier of plastic and fiber products said it will use the money from the sale to further strengthen its balance sheet.

For the year ended Dec. 31, 2017, the divested business had an operating profit of 4.2 million pounds ($5.4 million) and gross assets at June 30, 2018 stood at GBP41.8 million.

Shares in Essentra at 1505 GMT were down 1.4% at 364.60 pence.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

(END) Dow Jones Newswires

January 14, 2019 10:40 ET (15:40 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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