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BRIEF-Brambles to divest Chep Aerospace Solutions for an enterprise value of us$130 million

Published 02/11/2016, 08:37 am
Updated 02/11/2016, 08:40 am
© Reuters.  BRIEF-Brambles to divest Chep Aerospace Solutions for an enterprise value of us$130 million
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Nov 2 (Reuters) - Brambles Ltd BXB.AX

* Brambles to divest Chep Aerospace Solutions-bxb.ax

* Expects to receive net cash proceeds of approximately us$125 million from transaction

* After adjusting for debt, working capital and transactions costs, brambles expects to recognise a small profit on sale

* Binding agreement to divest chep aerospace solutions business to eqt infrastructure for an enterprise value of us$130 million

* Divestment has no impact on ' fy17 guidance for constant-currency

* Cash proceeds from transaction will be used to reduce outstanding debt Source text for Eikon: ID:nASX5tLYS Further company coverage: BXB.AX

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