Brief: Autohellas To Acquire 90% Of The Share Capital Of HR Automoveis In Portugal For EUR 31.5 Million

Autohellas Tourist and Trading SA

02/08/2022 15:53

Aug 2 (Reuters) - Autohellas SA  AUTr.AT :
    * TO ACQUIRE 85.6% PLUS 4.4% TREASURY SHARES TOTALLING 90%
OF THE
SHARE CAPITAL OF HR AUTOMOVEIS IN PORTUGAL FOR EUR 31.5 MILLION
    * ASSUMING CERTAIN ANNUAL HR AUTOMOVEIS PROFITABILITY
TARGETS ARE
REACHED BETWEEN 2022-2024 TOTAL CONSIDERATION COULD EVENTUALLY
REACH EUR 39.0 MILLION
    * CLOSING OF TRANSACTION IS ESTIMATED TO OCCUR WITHIN THE
NEXT 30
TO 60 DAYS


Further company coverage:  AUTr.AT 

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