Brief: Link Mobility Says Signs Definitive Agreement To Divest Message Broadcast

LINK Mobility Holding ASA

07/11/2023 03:33

Nov 6 (Reuters) - Link Mobility Group Holding Asa
 LINK.OL :
    * LINK MOBILITY - LINK SIGNS DEFINITIVE AGREEMENT TO DIVEST
MESSAGE BROADCAST
    * MESSAGE BROADCAST IS DIVESTED AT AN ENTERPRISE VALUE OF
USD 260
MILLION (EUR 243 MILLION)
    * : CASH ON BALANCE SHEET POST TRANSACTION WILL INCREASE TO
NOK
3.5 BILLION.
    * LINK MOBILITY GROUP - CASH ON BALANCE SHEET POST
TRANSACTION
WILL INCREASE TO NOK 3.5 BILLION
    * : LINK'S GLOBAL AMBITIONS REMAIN UNCHANGED AND US MARKET A
PRIORITY.
    * TRANSACTION WILL BE SETTLED WITH USD 220 MILLION IN CASH
AT
CLOSE
    * LINK - TRANSACTION OFFERS IMMEDIATE VALUE CREATION BEING
SIGNIFICANTLY ACCRETIVE TO LINK'S CURRENT LTM Q3 23 EV /
ADJUSTED EBITDA MULTIPLE OF 8.9X

Source text for Eikon:  ID:nObi9gPYza 
Further company coverage:  LINK.OL 

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