Brief: Duroc acquires business in Belgium

Duroc AB

11/07/2017 07:00

July 11 (Reuters) - DUROC AB  DURCb.ST  
    * DUROC ACQUIRES COMPANY WITHIN CLIMATE CONTROL AND ENERGY 
EFFICIENCY FOR AGRICULTURE AND HORTICULTURE INDUSTRIES 
    * TO ACQUIRE BELGIUM-BASED AGRICULTURE AND HORTICULTURE 
TEXTILES BUSINESS, BONARAGRO, FOR EUR 7 M 
    * SIGNED AN AGREEMENT WITH LONDON-LISTED GLOBAL PERFORMANCE 
MATERIALS GROUP LOW & BONAR PLC TO ACQUIRE ITS LOKEREN 
    * ACQUISITION IS EXPECTED TO HAVE A POSITIVE IMPACT ON 
DUROC'S EARNINGS PER SHARE ALREADY FOR CURRENT FINANCIAL YEAR 
(2017/2018) 
    * DUROC WILL NOT BE AFFECTED BY GOODWILL THROUGH 
TRANSACTION, WHICH IS CARRIED OUT WITH OWN FUNDS 
    * TRANSACTION IS EXPECTED TO COMPLETE NO LATER THAN 30 
SEPTEMBER 2017, SUBJECT TO FULFILMENT OF A NUMBER OF CONDITIONS 
 
Source text for Eikon:  ID:nWkr2Tmr2m  
Further company coverage:  DURCb.ST  
 
 (Gdynia Newsroom) 
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