Edition:
India

Announces The Acquisition Of Retviews


Monday, 15 Jul 2019 

July 15 (Reuters) - LECTRA SA ::REG-LECTRA:LECTRA ANNOUNCES THE ACQUISITION OF RETVIEWS.ANNOUNCES SIGNING OF AN AGREEMENT WITH SHAREHOLDERS OF BELGIUM COMPANY RETVIEWS TO ACQUIRE 100% OF CAPITAL AND VOTING RIGHTS.TRANSACTION INVOLVES ACQUISITION OF 70% OF RETVIEWS FOR EUR 8 MILLION TODAY..ACQUISITION OF REMAINDER OF CAPITAL AND VOTING RIGHTS WILL TAKE PLACE IN THREE TIMES IN JULY 2020, JULY 2021 AND JULY 2022.AMOUNTS WILL COME FROM LECTRA'S AVAILABLE CASH, WITH NO FINANCING FROM BANK.THREE JULY ACQUISITION AMOUNTS OF ABOUT 0.9 TIMES 2020 REVENUES, 0.7 TIMES 2021 REVENUES AND 0.5 TIMES 2022 REVENUES, RESPECTIVELY. 

Company Quote

18.24
0.22 +1.22%
21 Aug 2019