Brief: Caesarstone Enters Definitive Agreement To Acquire Majority Stake In Lioli Ceramica

Caesarstone

31/08/2020 12:06

Aug 31 (Reuters) - Caesarstone Ltd  19C.F :
    * CAESARSTONE ENTERS GLOBAL PORCELAIN COUNTERTOP MARKET
THROUGH
MAJORITY STAKE ACQUISITION OF LIOLI CERAMICA
    * CAESARSTONE LTD - ENTERED INTO A DEFINITIVE AGREEMENT TO
ACQUIRE
A MAJORITY STAKE IN LIOLI CERAMICA PVT
    * CAESARSTONE LTD - DEAL FOR A CASH INVESTMENT OF ABOUT $12
MILLION
    * CAESARSTONE LTD - DEAL FOR  ENTERPRISE VALUE OF ABOUT $34
MILLION
    * CAESARSTONE LTD - DEAL IS EXPECTED TO HAVE FAVORABLE
IMPACT TO
EARNINGS BEYOND 2020

Source text for Eikon:  ID:nBwbGMFzHa 
Further company coverage:  19C.F 

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