April 29, 2018 / 11:17 PM / 3 months ago

BRIEF-Rakon Confirmed Co To Take Full Control Of Centum Rakon India JV Operations

April 30 (Reuters) - Rakon Ltd:

* CONFIRMED CO WILL TAKE FULL CONTROL OF CENTUM RAKON INDIA JOINT VENTURE OPERATIONS

* INVESTMENT WILL BE VALUE ACCRETIVE FOR RAKON WITH A BASE CASE PAYBACK DURING YEAR THREE

* SETTLEMENT OF INITIAL PAYMENT AND TRANSITION OF CONTROL OF CENTUM RAKON INDIA BUSINESS IS ANTICIPATED ON 2 MAY 2018 Source text for Eikon: Further company coverage:

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