Brief: Inwido signs agreement to acquire e-commerce group Bedst & Billigst
09/10/2017 09:30
Oct 9 (Reuters) - INWIDO INWI.ST :
* INWIDO HAS SIGNED AN AGREEMENT TO ACQUIRE THE E-COMMERCE
GROUP BEDST & BILLIGST
* ACQUISITION WILL BE A MINOR PART OF INWIDO GROUP AND WILL
HAVE A POSITIVE EFFECT ON INWIDO'S EARNINGS PER SHARE 2018
* CLOSING OF ACQUISITION IS EXPECTED TO OCCUR EARLY 2018.
* PURCHASE PRICE IS IN LINE WITH INWIDO'S REGULAR MULTIPLES
AND IS FINANCED BY A NEW BANK LOAN
* ACQUIRES 100 PERCENT OF SHARES OF BEDST & BILLIGST GROUP
Source text for Eikon: ID:nWkr5Yl0Wk
Further company coverage: INWI.ST
(Gdynia Newsroom)
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