Brief: MAAS Group Holdings Announces Binding Agreement To Acquire Schwarz Excavations

MAAS group

01/07/2022 02:41

July 1 (Reuters) - MAAS Group Holdings Ltd  MGH.AX :
    * ENTERED INTO A BINDING AGREEMENT TO ACQUIRE SCHWARZ
EXCAVATIONS
PTY
    * CONSIDERATION FOR ACQUISITION INCLUDES AN INITIAL CASH
PAYMENT
OF A$32.4M AND ISSUE OF SHARES IN MGH TO VALUE OF A$3.6M
    * TRANSACTION EXPECTED TO COMPLETE BY END OF JULY 2022
    * STRATEGIC ACQUISITION OF SCHWARZ WILL BE EPS ACCRETIVE

Source text for Eikon:  ID:nASX1bpJv3 
Further company coverage:  MGH.AX 

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