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BRIEF-Billabong International Ltd announces sale of Tigerlily
February 22, 2017 / 11:30 PM / in 8 months

BRIEF-Billabong International Ltd announces sale of Tigerlily

Feb 23 (Reuters) - Billabong International Ltd:

* Announces sale of Tigerlily

* Entered into binding documentation to sell Tigerlily business to Crescent Capital Partners

* Sale of Tigerlily will raise $60 million, with net proceeds from sale used to retire debt

* Expected to contribute between $7 million and $8 million in EBITA to billabong for 2017 financial year Source text for Eikon: Further company coverage:

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