Brief: Metarock Group Enters Binding Agreement To Sell PYBAR Business For A$65 Mln

Mastermyne

17/03/2024 22:09

March 18 (Reuters) - Metarock Group Ltd  MYE.AX :
    * METAROCK GROUP ENTERS BINDING AGREEMENT TO SELL PYBAR
BUSINESS
FOR A$65 MILLION 
    * ESTIMATED NET PROCEEDS FROM SALE TO CO OF A$36.3 MILLION
AFTER
DEDUCTING PYBAR'S OUTSTANDING DEBT AND ESTIMATED TRANSACTION
COSTS
    * CASH PROCEEDS FROM TRANSACTION ARE EXPECTED TO RETURN
COMPANY TO
NET CASH POSITION AT COMPLETION

Further company coverage:  MYE.AX 

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