Gunnebo sells shareholding in associated company
Gunnebo Security Group has signed an agreement to sell its 30 per cent shareholding in the associated company Chubb Malaysia to Sime Darby Energy Sdn Bhd, a company under its Energy & Utilities division, who today owns the remaining 70 per cent.Net purchase sum amounts to MEUR 2, and the divestment is expected to result in a small capital gain.The transaction is pending on regulatory approvals, and is expected to be completed during the month of September, 2012. “Chubb Malaysia is an important supplier of safes to Gunnebo and we will continue to have a business relation also going