Brief: 5N Plus To Acquire Azur Space

5N Plus

30/03/2021 13:09

March 30 (Reuters) - 5N Plus Inc  VNP.TO :
    * 5N PLUS TO ACQUIRE AZUR SPACE
    * 5N PLUS INC - WILL ACQUIRE ALL OF ISSUED AND OUTSTANDING
SHARES
OF AZUR FOR AN EXPECTED TOTAL PURCHASE PRICE BETWEEN 73-79
MILLION EUROS
    * 5N PLUS INC - EXPECTS TO FINANCE WORKING CAPITAL IN RANGE
OF 20
TO 26 MILLION EUROS WITH PROVISION NOT TO EXCEED 27 MILLION
EUROS
    * 5N PLUS INC - CASH PORTION OF TRANSACTION IS EXPECTED TO
BE
FUNDED THROUGH A SENIOR DEBT FACILITY
    * 5N PLUS INC - WILL FULLY INTEGRATE AZUR'S WORKFORCE
    * 5N PLUS INC - WILL APPOINT JÜRGEN HEIZMANN, MANAGING
DIRECTOR OF
AZUR, AS A MEMBER OF 5N PLUS'S EXECUTIVE COMMITTEE

Source text for Eikon:  ID:nCNWBHbB4a 
Further company coverage:  VNP.TO 

 ((Reuters.Briefs@thomsonreuters.com;))