Exide Technologies (NYSE: EX – news) announced today that it has sold its 13.5 percent interest in Yuasa Inc. for $29.9 million. The company expects to report a pre-tax gain of approximately $13.0 million on the sale of the investment in its third fiscal quarter. Proceeds from the sale will be used to reduce debt.

Industrial applications include network power batteries for telecommunications
systems, fuel cell load leveling, electric utilities, railroads, photovoltaic
and other critical uninterruptible power supply markets; and motive power batteries
for a broad range of equipment uses including lift trucks, mining and other
commercial vehicles.

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