Brief: Macmahon Says Executed Binding Agreement To Acquire Key Contracts Of Pit N Portal

Macmahon Holdings

19/12/2023 09:24

Dec 19 (Reuters) - Emeco Holdings Ltd  EHL.AX :
    * TRANSACTION IS EXPECTED TO ADD IN EXCESS OF A$140 MILLION
TO
MACMAHON'S ORDER BOOK & BE IMMEDIATELY EPS ACCRETIVE 
    * MACMAHON TO ACQUIRE KEY PIT N PORTAL CONTRACTS
    * FY24 REVENUE, EBIT(A) AND CAPITAL EXPENDITURE GUIDANCE
UNCHANGED
    * PURCHASE CONSIDERATION OF A$10M
    * EXECUTED BINDING AGREEMENT TO ACQUIRE KEY CONTRACTS OF PIT
N
PORTAL UNDERGROUND SERVICES BUSINESS FROM EMECO HOLDINGS


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