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Essentra announces stage one of its business simplification plan - a clear BUY
As noted HERE, I am a fan of Essentra (ESNT), the “hassle-free supplier of essential industrial components”. Is today's announcement - the company has “disposed of ESNT Packaging & Securing Solutions Limited, Essentra Packaging US Inc, and their respective subsidiary companies to Mayr-Melnhof Group, a leading producer of carton based in Austria, for a cash consideration of £312 million, on a cash-free, debt-free basis and subject to customary adjustments” - good or bad news, then?
- By Chris Bailey of Financial Orbit
- 2022-06-24 09:30:47