PPG Divests Its Traffic Solutions Operations In Australia And New Zealand To Geveko Markings; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
PPG Industries has sold its Traffic Solutions operations in Australia and New Zealand to Geveko Markings. The financial terms of the deal were not disclosed.
October 18, 2023 | 6:58 am
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PPG Industries has divested its Traffic Solutions operations in Australia and New Zealand, which could potentially streamline its operations and improve profitability.
The divestment of PPG's Traffic Solutions operations could potentially streamline the company's operations and improve profitability. However, without financial details, it's difficult to assess the immediate impact on the company's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100