Westport-based Terex Corp., which makes construction, roadbuilding and mining equipment, said today that it completed the sale of its 80.5 percent ownership stake in Czech truck maker Tatra AS to Blue River s.r.o. for roughly $26.2 million in cash.
The deal also calls for the repayment of all inter-company debt owed to Terex by Tatra of about $31.6 million. Additionally, Blue River will assume Tatra’s debt, which totals about $22 million.
Blue River is a Czech-based consortium of four international private investors, led by a member of Tatra’s supervisory board.
In July, when it first announced it would sell the stake, Terex said Tatra was “non-core to Terex’s future operations.”
