03
Oct
21:15
AZZ completes majority divestment of infrastructure solutions segment
Fort Worth, Texas-based galvanising/coatings services provider AZZ Inc has completed divesting majority interest in the company's infrastructure solutions segment to the investment firm Fernweh Group, Kallanish understands.
In a joint statement, the companies' announced the finalised sale of 60% interest for AZZ infrastructure solutions segment to Fernweh Group at a projected value of $300 million. AZZ anticipates to generate $228m in cash procee…
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