Brief: Delko Signs Prelim. Deal To Buy Megana For 2.8 Mln Zlotys

Delko SA

21/11/2018 11:51

Nov 21 (Reuters) - DELKO SA  DELP.WA :
    * SIGNS PRELIM. AGREEMENT TO BUY MEGANA SP. Z O.O. FOR 2.8 MILLION ZLOTYS
    * UNDER AGREEMENT CO WOULD ALSO PURCHASE 1 SHARE IN KAMA SP. Z O.O.
    * KRAKOW-BASED MEGANA OPERATES 24 STORE UNDER ITS OWN BRAND AND HAS 57
STORES
UNDER FRANCHISE SCHEME
    * IN 2017, MEGANA GROUP POSTED 0.4 MLN ZLOTY EBITDA ON REVENUE OF 88.8
MILLION
ZLOTYS
    * AFTER FINALISING THE ABOVE AGREEMENT AND TRANSACTIONS ABOUT WHICH COMPANY
INFORMED ON NOV. 8  urn:newsml:reuters.com:*:nFWN1XJ0VI AND  urn:newsml:reuters.com:*:nFWN1XJ0VM, IT ESTIMATES THAT ITS RETAIL
NET SALES WOULD BE AT ABOUT 368 MILLION ZLOTYS PER ANNUM

Source text for Eikon:  ID:nEM1wlLC3a 
Further company coverage:  DELP.WA 

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