FilingReader Intelligence
AECI sells multiple assets for debt reduction
July 17, 2025 at 01:11 PM UTC•By FilingReader AI
AECI's subsidiary Schirm USA will dispose of assets for $60m, including $40m cash.
Schirm Germany disposed of its Baar-Ebenhausen assets for €500,000, expecting €3m savings. AECI also agreed to sell its Food and Beverage business, with proceeds supporting debt reduction and reinvestment.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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