Westport Fuel Systems Inc. WPRThas entered into an agreement to sell its Cherasco, Italy-based compressed natural gas (“CNG”) compressor business to Snam S.p.A. (“Snam”). Subject to closing conditions, the divestment is anticipated to close by the end of July for a cash price of €12.5 million. Snam is one of the leading gas-utility companies in Europe.
Westport Fuel to Divest CNG Compressor Business for EUR 12.5M
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