Brief: MBH Corporation Acquires Ashley David Taxis

MBH

17/08/2020 07:27

Aug 17 (Reuters) - MBH CORPORATION PLC  M8H.DE :
    * ACQUIRES ASHLEY DAVID TAXIS TO ESTABLISH NEW
TRANSPORTATION
VERTICAL
    * HAS ACQUIRED 100 % OF DRIVEN BY RIIDE LTD (TRADING AS
ASHLEY
DAVID TAXIS (ADT)), A TAXI COMPANY BASED IN UK
    * TOTAL CONSIDERATION FOR ACQUISITION IS APPROXIMATELY GBP
3.4M
    * WITH THIS ACQUISITION, MBH'S PRO FORMA REVENUES BASED ON
RESULTS
OF FINANCIAL YEAR ENDED 31 DECEMBER 2019 WILL INCREASE TO GBP
85.4 MILLION
    * MAJORITY OF CONSIDERATION IS SETTLED BY WAY OF A LISTED
BOND IN
ACCORDANCE WITH MBH BOND PROGRAMME

Source text for Eikon:  ID:nEQc7pndma 
Further company coverage:  M8H.DE 

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