Brief: Grupa Kety Signs Prelim. Deal For Acquisition Of SELT

Grupa Kety

14/06/2024 09:51

June 14 (Reuters) - Grupa Kety SA  KTY.WA :
    * SIGNS PRELIMINARY DEAL FOR ACQUISITION OF 100% OF STAKE IN
SELT
    * DEAL VALUE SET AT 420.0 MILLION ZLOTYS
    * NET DEAL VALUE ESTIMATED AT ABOUT 380 MILLION ZLOTYS AFTER
TAKING INTO ACCOUNT SELT'S ABOUT 40 MILLION ZLOTY DEBT
    * SELT PRODUCES SUNSCREEN SYSTEMS, WITH REVENUE OF AROUND
280
MILLION ZLOTYS
    * THE TRANSACTION IS EXPECTED TO BE FINANCED THROUGH BANK
LOANS
AND COMPANY OWN FUNDS

Source text for Workspace:  ID:nEM6KRjqJa 
Further company coverage:  KTY.WA 

 (Reporting by Gdansk Newsroom)
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