Brief: Helloworld Travel To Acquire A 40% Stake In Phil Hoffmann Travel
02/05/2023 02:10
May 2 (Reuters) - Helloworld Travel Ltd HLO.AX :
* TO ACQUIRE A 40% STAKE IN ADELAIDE BASED RETAIL TRAVEL
AGENCY
BUSINESS, PHIL HOFFMANN TRAVEL
* ACQUISITION OF 40% STAKE IN PHIL HOFFMANN TRAVEL WILL BE
EARNINGS ACCRETIVE IN FY24 AND BEYOND
* CONSIDERATION FOR ACQUISITION WILL BE FUNDED FROM HLO'S
EXISTING
CASH RESERVES
* CONSIDERATION FOR STAKE IN PHIL HOFFMANN TRAVEL REPRESENTS
FY23
EBITDA MULTIPLE OF ABOUT SIX TIMES FORECAST EARNINGS FOR PHT
Source text for Eikon: ID:nASX9gmNm2
Further company coverage: HLO.AX
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