Brief: Lu-Ve Completes Acquisition Of Air" Division Of Alfa Laval Group

LU-VE SpA

30/04/2019 14:20

April 30 (Reuters) - LU-VE SpA  LUVE.MI :
    * COMPLETES ACQUISITION OF AIR" DIVISION OF ALFA LAVAL GROUP
AT
PRICE OF EUR 67.1 MILLION DEBT & CASH FREE
    * AT CLOSING OF "AIR" DIVISION ACQUISITION 65 PERCENT OF
TOTAL
PRICE WAS PAID
    * 15% OF PRICE FOR "AIR" DIVISION OF ALFA LAVAL GROUP WILL
BE PAID
BY APRIL 30, 2020
    * REMAINING 20% OF PRICE FOR "AIR" DIVISION TO BE PAID BY
APRIL
30, 2020 WILL BE SUBJECT TO ADJUSTMENT BASED ON EBTDA 2019

Source text for Eikon:  ID:nBIA1Cp46D 
Further company coverage:  LUVE.MI 

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