Brief: Spicers Enters Agreement To Sell Its Asian Operations To Japan Pulp & Paper Co. Ltd

Japan Pulp and Paper Co.,

26/09/2018 09:08

Sept 26 (Reuters) - Spicers Ltd  SRS.AX :
    * ENTERED AGREEMENT TO SELL ITS ASIAN OPERATIONS TO JAPAN
PULP &
PAPER CO., LTD
    * SPICERS WILL FOCUS EXCLUSIVELY ON ITS AUSTRALIAN AND NEW
ZEALAND
BUSINESSES
    * DEAL FOR ENTERPRISE VALUE OF S$15 MILLION
    * ASIAN OPERATIONS WILL BE RECLASSIFIED AS DISCONTINUED IN
SPICERS
FY2019 FINANCIAL RESULTS

Source text for Eikon:  urn:newsml:reuters.com:*:nASX8cd0xP
Further company coverage:  SRS.AX 

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