CNIM today announced the sale of the Babcock Wanson subsidiaries to FCDE

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.