September 22, 2017 / 11:30 AM / a month ago

BRIEF-Link Mobility Group plans to buy Totalconnect in Italy

Sept 22 (Reuters) - LINK MOBILITY GROUP ASA

* LINK MOBILITY GROUP ASA SIGNS TERM SHEET REGARDING ACQUISITION OF TOTALCONNECT IN ITALY

* ‍TRANSACTION IS EXPECTED TO CLOSE ON OR ABOUT 15 NOVEMBER 2017​

* ‍AGREED ENTERPRISE VALUE OF TRANSACTION IS EUR 2.475 MILLION, ON A CASH-FREE AND DEBT-FREE BASIS AND ASSUMING A NORMALIZED LEVEL OF WORKING CAPITAL​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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