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F99 - Fraser And Neave News Story

S$1.44 0.0  0.0%

Last Trade - 9:58am

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £1.13bn
Enterprise Value £1.68bn
Revenue £988.4m
Position in Universe 832nd / 6095

BRIEF-Fraser And Neave, Through Coffee Concepts (Thailand), Acquires Starbucks Coffee (Thailand)

Thu 23rd May, 2019 3:16pm
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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