Brief: MBH Corporation Buys NVQ Nail & Beauty Specialists Training Academy

MBH

09/11/2020 13:12

Nov 9 (Reuters) - MBH CORPORATION PLC  M8H.DE :
    * CONTINUES ACQUISITION DRIVE WITH FURTHER EXPANSION OF ITS
EDUCATION VERTICAL
    * ACQUISITION OF NVQ NAIL & BEAUTY SPECIALISTS TRAINING
ACADEMY
LTD
    * IT CONSISTS OF A 100% ACQUISITION
    * WITH THIS ACQUISITION, PRO-FORMA REVENUES OF MBH PORTFOLIO
COMPANIES GROW TO GBP98.5M FOR FINANCIAL YEAR 2020
    * CONVERTIBLE NOTES WILL BE USED TO SETTLE PURCHASE
CONSIDERATION
    * ESTIMATED TOTAL CONSIDERATION FOR ACQUISITION IS
APPROXIMATELY
GBP0.6M
    * CONSIDERATION WILL BE FINALISED ONCE 31 MARCH 2020 AUDIT
HAS
BEEN COMPLETED

Source text for Eikon:  ID:nEQ2tlhnsa 
Further company coverage:  M8H.DE 

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