Brief: Logista Acquires 70% Of Speedlink Worldwide Express For Up To 18.5 Mln Euros

Logista Integral SA

17/02/2022 06:34

Feb 17 (Reuters) - Compania de Distribuicion Integral
Logista Holdings  LOG.MC :
    * SAID ON WEDNESDAY IT ACQUIRED 70% OF THE DUTCH COMPANY
SPEEDLINK
WORLDWIDE EXPRESS, SPECIALIST IN B2B EXPRESS
(TIME CRITICAL) DELIVERIES TO AND FROM BELGIUM AND THE
NETHERLANDS
    * TRANSACTION WILL BE PAID WITH CASH, WITH MAXIMUM AMOUNT OF
18.5
MILLION EUROS FOR THE ACQUISITION OF 70% OF THE COMPANY, BASED
ON THE ACHIEVED OBJECTIVES
    * REACHED AGREEMENT CONTEMPLATES ACQUISITION OF THE
REMAINING 30%
OF THE BUSINESS IN THE NEXT THREE YEARS
    * MR. SCHELTEMA TO REMAIN AS HEAD OF THE COMPANY
Source text for Eikon:  urn:newsml:reuters.com:*:nCNM5K7pnp
Further company coverage:  LOG.MC  


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