Brief: FW Thorpe Buys 63% Of Share Capital Of Electrozemper S.A. In Spain

FW Thorpe

04/10/2021 15:33

Oct 4 (Reuters) - FW Thorpe PLC  TFW.L :
    * THORPE(F.W.) PLC  - ACQUISITION
    * FW THORPE PLC - ACQUISITION OF 63% OF SHARE CAPITAL OF
ELECTROZEMPER S.A. ("ZEMPER") IN SPAIN,
    * FW THORPE PLC - ACQUISITION OF 63% OF SHARE CAPITAL OF
ELECTROZEMPER S.A.
    * FW THORPE PLC - FW THORPE HAS PAID AN INITIAL
CONSIDERATION OF
EUR 20.3M
    * FW THORPE PLC - ACQUISITION IS EXPECTED TO ENHANCE
EARNINGS PER
SHARE IN FINANCIAL YEAR ENDING 30 JUNE 2022
    * FW THORPE PLC - AN ADDITIONAL EUR 1.1M WILL BE PAID
SUBJECT TO
EBITDA PERFORMANCE IN 2022.
    * FW THORPE PLC - INITIAL CONSIDERATION HAS BEEN FUNDED FROM
COMPANY'S EXISTING CASH RESERVES

Source text for Eikon:  ID:nRSD9459Na 
Further company coverage:  TFW.L 

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