Brief: Bulten Says It Has Entered Into Agreement To Acquire Exim & Mfr Holdings Pte Ltd

Bulten AB

06/07/2023 22:27

July 6 (Reuters) - Bulten AB  BULTEN.ST :
    * BULTEN ENTERS INTO AGREEMENT TO ACQUIRE EXIM & MFR
HOLDINGS PTE
LTD
    * ACQUISITION IS EXPECTED TO CONTRIBUTE TO BULTEN'S
DEVELOPMENT
AND EARNINGS, AND TO INCREASE EARNINGS PER SHARE
    * PURCHASE SUM IS APPROXIMATELY SGD 66.3 MILLION (SEK 530
MILLION)
ON A CASH-FREE AND DEBT-FREE BASIS
    * TRANSACTION COST IS ESTIMATED AT SEK 8 MILLION.
    * SUM WILL BE PAID IN CASH WITH EQUAL FINANCING FROM AN
EXISTING
CREDIT FACILITY WITH SVENSKA HANDELSBANKEN AND AN ADDITIONAL
LOAN

Source text for Eikon:  ID:nWkrbgMnGt 
Further company coverage:  BULTEN.ST 

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