nVent Electric Has Agreed To Sell Its Thermal Management Business To Brookfield Asset Management For A Cash Purchase Price Of $1.7B
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nVent Electric has agreed to sell its Thermal Management business to Brookfield Asset Management for $1.7 billion in cash.
August 01, 2024 | 11:09 am
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nVent Electric has agreed to sell its Thermal Management business to Brookfield Asset Management for $1.7 billion in cash. This divestiture could streamline nVent's operations and provide significant liquidity.
The sale of the Thermal Management business will provide nVent Electric with $1.7 billion in cash, which can be used to strengthen its balance sheet, invest in core operations, or return value to shareholders. This is likely to be viewed positively by investors.
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