Brief: Heartland To Acquire Livestock Business In Australia

Heartland group

01/04/2022 03:06

April 1 (Reuters) - Heartland Group Holdings Ltd  HGH.NZ :
    * HEARTLAND GROUP HOLDINGS LTD - HEARTLAND TO ACQUIRE
LIVESTOCK
BUSINESS IN AUSTRALIA
    * HEARTLAND GROUP HOLDINGS LTD -  TOTAL ACQUISITION COST IS
A$143
MILLION, PLUS A POTENTIAL TOP-UP OF A$11 MILLION
    * HEARTLAND GROUP - AS PART OF ACQUISITION, ELDERS WILL
DIVEST ITS
30% EQUITY STAKE IN STOCKCO HOLDINGS 2 PTY LTD
    * HEARTLAND GROUP - TRANSACTION EXPECTED TO CONTRIBUTE
ADDITIONAL
ANNUAL NET PROFIT AFTER TAX OF A$10 MILLION TO A$12 MILLION
    * HEARTLAND GROUP HOLDINGS LTD - TOTAL ACQUISITION COST IS
A$143
MILLION, PLUS A POTENTIAL TOP-UP OF A$11 MILLION
    * HEARTLAND GROUP HOLDINGS LTD - NO CHANGE TO HEARTLAND'S
MARKET
GUIDANCE FOR FINANCIAL YEAR ENDING 30 JUNE 2022
    * HEARTLAND GROUP - INTENTION IS TO FUND TOTAL ACQUISITION
COST IN
SHORT TERM THROUGH NEW DEBT FACILITIES

Source text for Eikon:  ID: 
Further company coverage:  HGH.NZ 

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