View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 31, 1988

BICC TO PAY $157M FOR CEAT CAVI

By CBR Staff Writer

BICC Plc has agreed to pay $157m for the Ceat Cavi SpA cable making subsidiary of Fornara SpA: a large part of the price is in the assumption of $95m of debts to Fornara, the balance being met with 10.2m of new BICC shares which will give Fornara 4.3% of the expanded equity of BICC; the business being acquired had operating profits of $30m on turnover of $170m last year, and net operating assets of some $81m.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU