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Stock Market & Financial Investment News

News Breaks
July 15, 2013
19:21 EDTSMSSims Metal announces sale of U.S.-based aerospace metals business
Sims Metal announces the sale of its interest in Metal Management Aerospace to ELG Utica Alloys. Aerospace was a subsidiary of the company's North America Metals business. The sale terms have not been disclosed and are not considered material to the company. A pre-tax loss of around $9M is expected to be recognized by the company in relation to the transaction.
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