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Federal gains $15.8m from divestment
Federal gains $15.8m from divestment

(2007-11-02)

  FEDERAL International (2000) Ltd will make a gain of about $15.8 million from the divestment of its stake in US subsidiary HP & T Products Inc. Federal, together with three other individual shareholders, have agreed to sell the unit to Nasdaq-listed oilfield products and services provider T-3 Energy Services Inc. The one-time gain from the divestment will be used for the purposes of investment and future growth of the group's businesses.

《The Business Times》


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