Brief: CDRL Agrees Terms To Buy 90% Of Co Selling Children's Products For USD 6.4 mln

CDRL SA

27/11/2018 07:30

Nov 27 (Reuters) - CDRL SA  CDLP.WA :
    * SAID ON MONDAY THAT IT HAS AGREED TERMS OF ACQUISITION OF
MAJORITY STAKE IN BELARUS-BASED "HANDLOWO – PRZEMYSLOWA GRUPA
WEST OST UNION" SP. Z O.O. (COMPANY)
    * UNDER AGREEMENT TO ACQUIRE 90 PERCENT OF THE COMPANY FOR
USD 6.4
MILLION
    * THE COMPANY TO BE ACQUIRED SELLS CHILDREN'S PRODUCTS, IT
OWNS 46
STORES IN BELARUS 
    * ACCORDING TO THE COMPANY'S DATA ITS ANNUAL REVENUE AND
EBITDA
EXCEED USD 65 MILLION AND USD 2 MILLION RESPECTIVELY
    * THE COMPANY PLANS TO FUND THE ACQUISITION WITH ITS OWN
FUNDS OR
BY USING EXTERNAL FUNDS INCLUDING BOND ISSUE  urn:newsml:reuters.com:*:nFWN1XY0BF
    * THE SELLERS ARE THE EUROPEAN BANK FOR RECONSTRUCTION AND
DEVELOPMENT AND FOUR PERSONS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM69gqcga
    
 Further company coverage:  CDLP.WA  
   


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