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SGl Carbon SE: Agreement on the Sale of the Aerostructures Business of HITCO
This includes all inventories, equipment, tooling and other fixed assets, intellectual property, contractual rights, good will, accounts receivable, and work in progress; HITCO’s materials division is not part of this transaction. The terms of the agreement result in overall negative proceeds of USD 47 million, which consists of payments to Avcorp, repayments of customer advance payments as well as costs relating to various services to the benefit of the buyer. The purchase consideration is subject to customary adjustments based on working capital of HITCO and certain contract pricing adjustments.