Brief: Freightways Says It Entered Transaction With Allied Express Transport

Freightways

21/08/2022 21:52

Aug 22 (Reuters) - Freightways Ltd  FRE.NZ :
    * ENTERED TRANSACTION WITH ALLIED EXPRESS TRANSPORT
    * TRANSACTION WILL ACT AS A SIGNIFICANT ENTRY POINT TO
AUSTRALIAN
MARKET FOR FREIGHTWAYS' EXPRESS PACKAGE DIVISION
    * A$160 MILLION TRANSACTION PRICE FOR 100% OF SHARES IN
ALLIED
EXPRESS
    * TRANSACTION EXPECTED TO BE EPS ACCRETIVE TO FREIGHTWAYS
FROM
COMPLETION
    * DEAL TO DELIVER IN EXCESS OF A$20M EBITA IN FY23 ON A FULL
YEAR
BASIS

Further company coverage:  FRE.NZ 

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