Australia's Enero Group climbs on acquiring marketing agencies

Enero

01/07/2022 02:20

** Shares of Enero Group  EGG.AX  rise as much as 2.1% to
A$2.960 and is on track for a second consecutive session of
gains 
    ** EGG climbs 8.5% to mark their best week since Oct 2021 
    ** Says it has acquired marketing agencies ROI DNA Inc for
$26.4 mln in cash and $6.6 mln in Enero shares, and GetlT Pte
for a S$2.7 mln in cash and S$1.8 mln in co's shares
 urn:newsml:reuters.com:*:nASX57m53w 
    ** Says initial acquisition payments will be funded by a new
A$50 mln ($34.43 mln), three-year revolving bank facility
established with Westpac on June 23 
    ** Stock down 27.5% this year as of last close 


($1 = 1.4524 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))