other material
confidence high
sentiment neutral
materiality 0.45
Twin Disc to sell Belgium facility for €6.95M, lease back for €472K/year
TWIN DISC INC
- Sale of manufacturing facility in Nivelles, Belgium to Lock'O S.A. for €6,950,000.
- Two-year renewable leaseback at €472,000 per year plus value-added tax.
- Expected closing on or before January 13, 2023, subject to closing conditions.