WEG SA (WEGE3.SA)
R$ -0.23 (-0.97%)
|Market Cap(Mil.):||R$ 38,260.17|
SAO PAULO, July 19 WEG SA, Latin America's biggest maker of electric motors, posted a rise in second-quarter profit on Wednesday as recovering Brazilian demand and cost-cutting efforts improved operating margins.
BRASILIA, June 21 WEG SA, Latin America's largest producer of electric motors, signed a deal to buy CG Power USA Inc for $37 million, the company said in a securities filing on Wednesday.
BRIEF-CG Power and Industrial Solutions accepts binding offer of Weg SA for sale of power business in U.S.
* Accepted binding offer of Weg SA for acquisition of co's power business in the U.S. at enterprise value of $37 million Source text for Eikon: Further company coverage: