Brief: Groupe Tera Acquires Toxilabo Analysis Laboratory For Several Million Euros

Groupe Tera SA

28/11/2019 17:55

Nov 28 (Reuters) - Groupe Tera SA  ALGTR.PA :
    * INTEGRATION OF TOXILABO ANALYSIS LABORATORY TO OFFER A
GLOBAL
ANALYSIS IN THE ENVIRONMENT AND BIOLOGY
    * ACCRETIONARY TRANSACTION FOR AN AMOUNT OF SEVERAL MILLION
EUROS
APPROXIMATELY, FINANCED BY EQUITY AND BANK DEBT
    * OPERATION FINANCED USING THE GROUP'S OWN RESOURCES,
RECENTLY
REINFORCED WITH IPO AND A BANK LOAN
    * AS A RESULT OF THIS TRANSACTION, THE GROUP'S FUNDAMENTAL
FINANCIAL SITUATION IS VIRTUALLY UNCHANGED
    * CLOSING OF TRANSACTION SCHEDULED FOR EARLY 2020, AFTER
SETTLEMENT OF THE VARIOUS LEGAL TERMS AND OBTAINING, IF
NECESSARY, PRIOR APPROVALS
    * TRANSACTION CAN LEAD IN THE LONG TERM TO A DOUBLING OF THE
TURNOVER OF THE LABORATORY ACTIVITY FROM TERA GROUP

Source text for Eikon:  ID:nNDL4Dj34 
Further company coverage:  ALGTR.PA 

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