BRUSSELS, Oct 28 (Reuters) - Recticel SA:
* Sells polyurethane specialities business for car window encapsulation to BASF for 38.2 million euros
* The transaction will generate a net non-recurring capital gain estimated at 20 million euros
*This capital gain will be accounted for in the fourth quarter but due to foreseen impairments it will have a limited impact on Recticels 2008 earnings after taxes
*The deal is subject to approval by antitrust authorities ((Brussels newsroom; +32 2 287 6810))
tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
* Sells polyurethane specialities business for car window encapsulation to BASF for 38.2 million euros
* The transaction will generate a net non-recurring capital gain estimated at 20 million euros
*This capital gain will be accounted for in the fourth quarter but due to foreseen impairments it will have a limited impact on Recticels 2008 earnings after taxes
*The deal is subject to approval by antitrust authorities ((Brussels newsroom; +32 2 287 6810))
tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.