GENERAL REFRACTORIES <GRX> TO SELL OPERATIONS
  General Refractories Co said it
  agreed to sell its European refractories and building products
  operations for about 62 mln dlrs to an Austrian investor group.
      The European operations had sales of 186 mln dlrs in 1985,
  the last year for which results have been released, the company
  said.
      The sale, to a group headed by Girozentrale Bank of
  Austria, is subject to shareholder approval by April 24, 1987,
  it said. Its board has approved the deal, it said.
      General Refractories' mineral operations are not affected.