Brief: Firstfarms ‍Enters Agreement To Purchase Tjekkiet Invest

FirstFarms A/S

27/03/2018 14:48

March 27 (Reuters) - FIRSTFARMS A/S  FFARMS.CO :
    * REG-FIRSTFARMS A/S EXPANDS THE PORTFOLIO WITH LARGER PIG
PRODUCTION
    * ‍ENTERED A CONDITIONAL AGREEMENT ABOUT PURCHASE OF
TJEKKIET
INVEST A/S.​
    * ‍PURCHASE PRICE IS AGREED TO DKK 59.7 MILLION FOR 100% OF
SHARE
CAPITAL IN TJEKKIET INVEST A/S​
    * ‍POSITIVE EFFECT OF EBITDA OF DKK 4-5 MILLION IS EXPECTED
AND AN
EBIT OF DKK 1-2 MILLION IN 2018​
    * ‍PURCHASE OF TJEKKIET INVEST A/S IS IN 2018 EXPECTED TO
INFLUENCE FIRSTFARMS A/S' ACCOUNTS TO A SMALLER EXTENT​
    * ‍TAKE-OVER IS NOT EXPECTED TO HAVE INFLUENCE BEFORE Q3,
2018​

Source text for Eikon:  ID:nGNE10v6N0 
Further company coverage:  FFARMS.CO 

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