Brief: Fraser And Neave, Through Coffee Concepts (Thailand), Acquires Starbucks Coffee (Thailand)
23/05/2019 15:16
May 23 (Reuters) - Fraser and Neave Ltd FRNM.SI :
* CO THROUGH COFFEE CONCEPTS (THAILAND) ENTERED INTO DEAL TO
ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF STARBUCKS COFFEE
(THAILAND)
* ACQUISITION IS EARNINGS ACCRETIVE & WILL BE FUNDED FROM A
MIX OF
DEBT AND EQUITY FINANCING; DEAL EXPECTED TO CLOSE BY END-MAY
2019
* ACQUISITION IS ALSO EXPECTED TO CONTRIBUTE POSITIVELY TO
F&N'S
EARNINGS IN CURRENT FINANCIAL YEAR ENDING 30 SEPTEMBER 2019
Source text for Eikon: urn:newsml:reuters.com:*:nSNZ83MWPy
Further company coverage: FRNM.SI
((Reuters.Briefs@thomsonreuters.com;))
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