Brief: Firstfarms A/S Purchases Large Crop And Pig Production In Czech Republic

FirstFarms A/S

28/05/2018 20:48

May 28 (Reuters) - Firstfarms A/S  FFARMS.CO :
    * PURCHASES LARGE CROP AND PIG PRODUCTION IN CZECH REPUBLIC
    * FIRSTFARMS- ENTERED FINAL AGREEMENT ABOUT PURCHASE OF
TJEKKIET
INVEST AND THUS TAKEN OVER OPERATION; TJEKKIET OWNS 100 PERCENT
OF CZECH CO, GRANERO VLASATICE
    * PURCHASE PRICE IS AGREED TO DKK 60 MILLION FOR 100% OF
SHARE
CAPITAL IN TJEKKIET INVEST A/S
    * FIRSTFARMS- PURCHASE IS IN 2018 EXPECTED TO INFLUENCE
FIRSTFARMS
A/S' ACCOUNTS TO SMALLER EXTENT, AS TAKE-OVER WILL NOT HAVE FULL
EFFECT BEFORE Q3, 2018
    * POSITIVE EFFECT OF EBITDA OF DKK 4-5 MILLION IS EXPECTED
AND AN
EBIT OF DKK 1-2 MILLION IN 2018

Source text for Eikon:  ID:nGNE9M5P1w 
Further company coverage:  FFARMS.CO 

 ((Reuters.Briefs@thomsonreuters.com;))