Brief: Hexpol Strengthens Global Positions In Advanced Polymer Compounds By Acquiring Preferred Compounding

Hexpol AB

01/07/2019 21:13

July 1 (Reuters) - Hexpol AB  HPOLb.ST :
    * HEXPOL STRENGTHENS GLOBAL POSITIONS IN ADVANCED POLYMER
COMPOUNDS BY ACQUIRING PREFERRED COMPOUNDING
    * ACQUIRED BUSINESS HAS AN EBITDA MARGIN WELL BELOW HEXPOL
GROUP
AND IS EXPECTED TO HAVE A POSITIVE IMPACT ON EARNINGS PER SHARE
    * BUSINESS WILL BE CONSOLIDATED FROM JULY 1ST 2019
    * HEXPOL  AB - DEAL FOR ABOUT 232 MUSD ON A CASH AND DEBT
FREE
BASIS,FUNDED BY A COMBINATION OF CASH, EXISTING BANK FACILITIES
AND A NEW CREDIT FACILITY

Source text for Eikon:  ID:nWkrXdzCD 
Further company coverage:  HPOLb.ST 

 ((Reuters.Briefs@thomsonreuters.com;))