Brief: Avolta To Acquire Free Duty From NWS Holding

CTF Services

24/09/2024 09:26

Sept 24 (Reuters) - AVOLTA AG  AVOL.S :
    * LEVERAGES REGIONAL ECONOMIC SLOW-DOWN TO FAST-TRACK APAC
STRATEGY: ENTERS INTO DEAL TO ACQUIRE FREE DUTY, FUNDED BY CASH
ON BALANCE SHEET WITH NO IMPACT TO THE DELEVERAGING COMMITMENTS
    * HAS ENTERED INTO A DEAL TO ACQUIRE 100% OF FREE DUTY FROM
NWS
HOLDINGS LIMITED
    * TO ACQUIRE 100% OF FREE DUTY FROM NWS HOLDINGS
    * CLOSING OF TRANSACTION IS SUBJECT TO CUSTOMARY CONDITIONS
PRECEDENT
    * DEAL WOULD SEE AVOLTA'S POSITIONING SIGNIFICANTLY
STRENGTHENED
IN ASIA PACIFIC (APAC) REGION, GAINING ACCESS TO 150 MILLION
TRAVELERS AND INCREASING REGIONAL SALES BY CHF 250 MILLION
    * FREE DUTY ACQUISITION FUNDED ENTIRELY WITH CASH FROM
BALANCE
SHEET

Source text for Eikon:  ID:nEQ53XJcCa 
Further company coverage:  AVOL.S 

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