Brief: Ideal Holdings Acquires Attica Department Stores For EUR 100.0 Million
21/06/2023 06:56
June 21 (Reuters) - Ideal Holdings SA IDEr.AT :
* ANNOUNCES SHARE PURCHASE AGREEMENT FOR 100& STAKE OF KT
GOLDEN
RETAIL VENTURE FOR EUR 100.0 MILLION
* ACQUISITION WILL BE FINANCED WITH EQUITY AMOUNTING EUR 35
MILLION AND BANK BORROW AMOUNTING EUR 65 MILLION WITH ISSUANCE
OF JOINT BOND LOAN
* SHAREHOLDERS OF KT WILL PURCHASE 592,000 OWN SHARES OF CO
AT EUR
4.15 PER SHARE AND WILL AQUIRE 17.63% STAKE THROUGH SHARE
CAPITAL INCREASE
* KT OWNS 100 STAKE OF ATTICA DEPARTMENT STORES
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