Brief: AMA Group Says Co, BASF Australia Confirm Renewed 10-Year Partnership

Ama

23/12/2022 08:28

Dec 23 (Reuters) - AMA Group Ltd  AMA.AX :
    * AMA GROUP TOGETHER WITH BASF AUSTRALIA CONFIRM A RENEWED
10-YEAR
PARTNERSHIP
    * NEW AGREEMENT SEES CONVERSION OF FUTURE ONE-OFF MARKET
INCENTIVE
PAYMENTS TO ONGOING PAYMENTS RECEIVED AS PURCHASES ARE MADE
    * PARTNERSHIP FOR CONTINUED SUPPLY OF BASF'S AUTOMOTIVE
PAINT
TECHNOLOGY ACROSS ENTIRE AMA GROUP NETWORK
    * ANNUALISED IMPROVEMENT OF RECURRING OPERATING CASH FLOWS
IS
PROJECTED TO EXCEED A$10 MILLION PER ANNUM DURING PERIOD OF
CONTRACT

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