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Borsig sale to unlock cashflow for KNM Group

Borsig sale to unlock cashflow for KNM Group
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KNM to sell Borsig at a loss for RM1 billion

KNM Group Bhd has sold its entire stake in Borsig GmbH, a German-based process equipment manufacturer, to GPR Siebzigste Verwaltungsgesellschaft mbH (GSV) for €220.8 million (RM1.03 billion), but is expected to make an estimated loss of RM490.55 million from the disposal. ....

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