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CDL - CDRL SA News Story

PLN16.1 0.0  0.0%

Last Trade - 30/11/20

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £19.7m
Enterprise Value £48.1m
Revenue £94.3m
Position in Universe 368th / 749

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

Tue 27th November, 2018 7:30am
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  
   


 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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