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Rtx A/S Sells Shares in Brazilian Subsidiary to Carvin Holding LLC


Wednesday, 13 Nov 2013 08:41am EST 

Rtx A/S announced that the Company has entered an agreement concerning the transfer of RTX' 90% share of its Brazilian subsidiary. The shareholding is being sold to Carvin Holding LLC, Delaware in the United States. The subsidiary was part of the business unit that RTX closed and classified as discontinuing operations in the financial year 2009/10. The transfer is expected to contribute with an amount of approximately DKK 0.6 million to be entered in the profit and loss account for the first quarter of 2013/14 under discontinued operations. 

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