Enviri Announces Sale Of Reed Minerals To Speyside Equity For $45M In Cash, Has Now Surpassed Its 2024 Asset Sale Goal Of $50M-$75M Of Proceeds With This Transaction
Portfolio Pulse from Benzinga Newsdesk
Enviri Corporation (NYSE:NVRI) has sold its Reed Minerals business to Speyside Equity for $45 million in cash, surpassing its 2024 asset sale goal. The proceeds will be used to reduce debt and strengthen its balance sheet.
August 29, 2024 | 8:30 pm
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Enviri Corporation has sold its Reed Minerals business for $45 million, surpassing its 2024 asset sale goal. The proceeds will be used to reduce debt, potentially improving the company's financial health.
The sale of Reed Minerals for $45 million allows Enviri to surpass its asset sale goal, which is a positive financial milestone. The use of proceeds to reduce debt is likely to improve the company's financial health, potentially leading to a positive short-term impact on the stock price.
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