Brief: Glaston Signs Agreement To Acquire Bystronic Glass

Glaston Oyj Abp

25/01/2019 06:19

Jan 25 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * GLASTON HAS SIGNED AN AGREEMENT TO ACQUIRE BYSTRONIC GLASS
-
STRENGTHENS ITS POSITION AS A LEADING PLAYER IN THE GLASS
PROCESSING TECHNOLOGY MARKET
    * ENTERPRISE VALUE OF EUR 68 MILLION.
    * ACQUISITION IS EXPECTED TO BE EARNINGS ENHANCING.
    * CLOSING OF ACQUISITION IS TARGETED BY END OF Q1 OF 2019
    * TO CONVENE EGM TO AUTHORIZE BOARD OF DIRECTORS OF GLASTON
TO
DECIDE ON DIRECTED SHARE ISSUE OF ABOUT EUR 15 MILLION TO
CERTAIN LARGE SHAREHOLDERS OF GLASTON
    * SECURED FINANCING FOR ACQUISITION FROM NORDEA BANK ABP
("NORDEA") AND OP CORPORATE BANK PLC ("OP")
    * CONDITIONAL UPON COMPLETION OF ACQUISITION, TO DECIDE ON A
RIGHTS ISSUE OF APPROXIMATELY EUR 32 MILLION

Source text for Eikon:  ID:nWkr8GsJb5 
Further company coverage:  GLA1V.HE 

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