Brief: Greenyard Signs Agreement With Straco for 120 Million Euros

Greenyard NV

24/09/2018 07:13

Sept 24 (Reuters) - GREENYARD NV  GREENY.BR :
    * GREENYARD TAKES DECISIVE ACTIONS TOWARDS A REFOCUS AND A
STRENGTHENED BALANCE SHEET
    * SIGNED AN AGREEMENT FOR DIVESTMENT OF ITS HORTICULTURE
SEGMENT
WITH STRACO FOR A TOTAL CONSIDERATION OF EUR 120 MILLION.
    * ON TRACK WITH ITS DELEVERAGING ACTIONS
    * TRANSACTION IS EXPECTED TO CLOSE IN THE FOURTH QUARTER OF
ACCOUNTING YEAR 2018/19
    * WILL SECURE THE NECESSARY MEANS FOR THE REPAYMENT OF THE
EUR 150
MILLION RETAIL BOND THAT IS MATURING NEXT JULY 2019

Source text: https://bit.ly/2I8ioCn
Further company coverage:  GREENY.BR 

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