20 July 2016
CNIM today announced the sale of the Babcock Wanson subsidiaries to FCDE
CNIM today announced the sale to FCDE ( Fonds de Consolidation et de Développement des Entreprises ) of the Babcock Wanson subsidiaries (excluding Babcock Wanson Morocco) for € 57 million. This planned divestiture, which was announced on May 24, 2016, remained subject to customary closing conditions and to the completion of the consultation process with employee representative bodies in France.