Brief: Autosports Group Enters Agreement To Acquire Auckland City BMW Limited

Autosports

11/07/2022 24:45

July 11 (Reuters) - Autosports Group Ltd  ASG.AX :
    * ENTERS AGREEMENT TO ACQUIRE AUCKLAND CITY BMW LIMITED IN
NEW
ZEALAND FOR TOTAL CONSIDERATION OF ABOUT NZD$70 MILLION
    * ACQUISITION EXPECTED TO BE EPS ACCRETIVE IN FIRST FULL
YEAR
(FY23)
    * ACQUISITION FUNDED FROM COMBINATION OF CASH RESERVES AND A
DEBT
FACILITY OF UP TO NZD$27 MILLION
    * PURCHASE CONSIDERATION CONSISTS OF NZ$55 MILLION PLUS
ABOUT
NZ$15 MILLION FOR NET ASSETS


Further company coverage:  ASG.AX 

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