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Lennox To Sell European Commercial HVAC And Refrigeration Businesses To Syntagma Capital
(RTTNews) - Lennox International Inc. (LII), a leader in energy-efficient climate-control solutions, announced Thursday it has entered into an agreement to sell its Lyon, France-based European commercial HVAC and refrigeration businesses to funds managed by Syntagma Capital.
The closing of the transaction is subject to obtaining required consents, works council consultations, and customary closing conditions. The transaction is expected to be completed in the fourth quarter of 2023.
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Canadian and U.S. jobs data, due on Friday may provide some clues about the outlook for growth. Higher commodity prices may prompt investors to pick up resources stocks.
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FTSE 100 Up Marginally; Earnings, Economic Data In Focus
The UK stock market is up marginally about half an hour past noon on Thursday as investors react to some earnings data, and reports on inflation and construction activity.
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