Brief: Santa Fe Group Announces Sale Of Australian Business In A Management Buy Out

Det Oestasiatiske Kompagni A/S

02/12/2018 23:46

Dec 2 (Reuters) - Santa Fe Group A/S  SFGR.CO :
    * ANNOUNCES THE SALE OF THEIR AUSTRALIAN BUSINESS IN A
MANAGEMENT
BUY OUT - COMPANY ANNOUNCEMENT NO 10/2018
    * HAS REACHED AN AGREEMENT, IN FORM OF A TERM SHEET, WITH
KOBUS
FOURIE, MANAGING DIRECTOR FOR SANTA FE AUSTRALIA
    * SANTA FE RELOCATION WILL SIGN A 5-YEAR FRANCHISE AGREEMENT
WITH
KOBUS FOURIE'S NEWLY ACQUIRED BUSINESS
    * SHARES ARE SOLD AT PRICE OF AUD 1 (ONE) IN TOTAL AS PART
OF DEAL
    * FULL YEAR OUTLOOK FOR COMPANY IS ADJUSTED TO A REVENUE OF
AROUND
EUR 213 MILLION

Source text for Eikon:  ID:nGNE67tf2x 
Further company coverage:  SFGR.CO 

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