Brief: Eurotel Plans To Buy Majority Stake In Company Operating In Consumer Electronics Market

Eurotel SA

06/12/2017 06:33

Dec 6 (Reuters) - EUROTEL SA  EURTL.WA : 
    * SAID ON TUESDAY THAT IT HAS MADE A NON-BINDING OFFER TO 
BUY 
MAJORITY UP TO 100 PERCENT STAKE IN A COMPANY ENGAGED IN THE 
CONSUMER ELECTRONICS SECTOR 
    * WILL DECIDE WHETHER TO MAKE A BINDING OFFER AFTER IT 
COMPLETES 
DUE DILIGENCE, DETERMINES FINANCING AND RECEIVES NECESSARY 
APPROVALS 
    * THE TRANSACTION CAN SIGNIFICANTLY IMPROVE THE COMPANY'S 
FINANCIAL RESULTS, IMPROVE DIVERSIFICATION THROUGH FURTHER 
REDUCING ITS DEPENDENCY ON CURRENT PARTNERS AND WILL ALLOW TO 
ACHIEVE PARTIAL SYNERGIES IN BOTH COMPANIES 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1R1fV5a 
     
 Further company coverage:  EURTL.WA   
    
 
 
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