Brief: Announces The Acquisition Of Retviews

Lectra SA

15/07/2019 17:17

July 15 (Reuters) - LECTRA SA  LECS.PA :
    * REG-LECTRA:LECTRA ANNOUNCES THE ACQUISITION OF RETVIEWS
    * ANNOUNCES SIGNING OF AN AGREEMENT WITH SHAREHOLDERS OF
BELGIUM
COMPANY RETVIEWS TO ACQUIRE 100% OF CAPITAL AND VOTING RIGHTS
    * TRANSACTION INVOLVES ACQUISITION OF 70% OF RETVIEWS FOR
EUR 8
MILLION TODAY.
    * ACQUISITION OF REMAINDER OF CAPITAL AND VOTING RIGHTS WILL
TAKE
PLACE IN THREE TIMES IN JULY 2020, JULY 2021 AND JULY 2022
    * AMOUNTS WILL COME FROM LECTRA'S AVAILABLE CASH, WITH NO
FINANCING FROM BANK
    * THREE JULY ACQUISITION AMOUNTS OF ABOUT 0.9 TIMES 2020
REVENUES,
0.7 TIMES 2021 REVENUES AND 0.5 TIMES 2022 REVENUES,
RESPECTIVELY

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE2FNLl9
Further company coverage:  LECS.PA 

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