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BRIEF-GKN says agrees to sell stake in Emitec
April 30, 2014 / 11:52 AM / 4 years ago

BRIEF-GKN says agrees to sell stake in Emitec

April 30 (Reuters) - GKN Plc :

* GKN agrees to sell stake in Emitec

* Has agreed to sell its 50% shareholding in emissions reduction technology business Emitec Gesellschaft Für Emissionstechnologie mbH (Emitec) to continental for a cash consideration of EUR 46 million

* Completion of transaction is subject to regulatory approvals. GKN will use net proceeds to reduce group net indebtedness. Source text for Eikon: Further company coverage:

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