June 20, 2017 / 6:30 AM / a month ago

BRIEF-Datatec Ltd says Logicalis to buy majority stake in Packet Systems Indonesia

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June 20 (Reuters) - Datatec Ltd:

* Datatec Ltd - unit Logicalis Group and Indonesian partner Metrodata, agreed to acquire majority stake in Packet Systems Indonesia

* Datatec Ltd - acquisition will be effected by Logicalis acquiring 54% of psi and Metrodata acquiring a 14% shareholding

* Datatec Ltd - remaining 32% will continue to be held by PSI management shareholders

* Datatec Ltd - total consideration payable by Logicalis will be $6.8 million in cash funded from Logicalis' existing bank facilities Source text for Eikon: Further company coverage:

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