Acquisition

Chevalier to sell CT2 equipment

PUBLISHED : Friday, 12 July, 1996, 12:00am
UPDATED : Friday, 12 July, 1996, 12:00am

Chevalier (OA) International says it will sell equipment from its CT2 business to a Taiwanese company for $25.8 million.


The company said yesterday it expected to reduce the estimated provision of $57 million for the loss on the cessation of CT2 business in 1995-96 by $18.5 million.