Service Provider In The Netherlands

Dustin AB

04/07/2018 07:04

July 4 (Reuters) - DUSTIN GROUP AB  DUST.ST :
    * DUSTIN EXPAND TO THE NETHERLANDS - ACQUIRES LEADING
IT-SERVICE
PROVIDER
    * DUSTIN'S ADDRESSABLE MARKET WILL INCREASE FROM 150 TO 250
BILLION SEK, AS A RESULT OF ACQUISITION
    * DUSTIN ACQUIRES DUTCH VINCERE GROEP
    * PURCHASE PRICE AMOUNTS TO EUR 65 MILLION ON A DEBT-FREE
BASIS
AND IS FINANCED WITH EXISTING CREDIT FACILITIES
    * VINCERE GROEP WILL BE CONSOLIDATED IN DUSTIN, TODAY, JULY
4TH.
    * TRANSACTION INCREASES EARNINGS PER SHARE BY APPROXIMATELY
12.5
PERCENT BASED ON LAST 12 MONTH PERIOD
    * BOARD INTENDS TO PROPOSE A NEW SHARE ISSUE OF SEK 500-700
MILLION

Source text for Eikon:  ID:nWkr9pYGds 
Further company coverage:  DUST.ST 

 (Gdynia Newsroom)
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