Brief: Colt CZ Group To Acquire Sellier & Bellot

Colt CZ SE

18/12/2023 07:01

Dec 18 (Reuters) - Colt CZ Group SE  CZG.PR :
    * COLT CZ GROUP ACQUIRES TRADITIONAL CZECH MANUFACTURER OF
SMALL
CALIBER AMMUNITION SELLIER & BELLOT
    * COLT CZ EXECUTED AN AGREEMENT WITH CBC EUROPE TO PURCHASE
100%
INTEREST IN SELLIER & BELLOT
    * COLT CZ SHALL ACQUIRE 100% OF SHARES OF SELLIER & BELLOT
FOR THE
COMBINATION OF THE CASH CONSIDERATION IN THE AMOUNT OF $350
MILLION AND A NEW ISSUE OF COLT CZ COMMON STOCK LEADING TO A
27–28% CBC’S STAKE IN THE SHARE CAPITAL OF COLT CZ GROUP POST
TRANSACTION
    * COLT CZ GROUP: ACQUISITION TO BE FINANCED THROUGH A
COMBINATION
OF THE COMPANY'S EXISTING CASH RESOURCES AND DEBT FINANCING
    * COLT CZ GROUP: TRANSACTION EXPECTED TO CLOSE IN H1 2024

Source text for Eikon:  ID: 
Further company coverage:  CZG.PR 

 (Reporting By Jason Hovet)
 ((jason.hovet@thomsonreuters.com;))