Lennox to sell European commercial HVAC and refrigeration businesses to Syntagma Capital

LENNOX INTERNATIONAL INC

Agreement to sell European commercial HVAC and refrigeration businesses to funds managed by Syntagma Capital.
Closing expected in Q4 2023, subject to consents and works council consultations.
CEO says divestiture completes portfolio simplification, sharpens focus on North America.
No financial terms disclosed in the announcement.

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