Brief: Bethunes Investments enters agreement to acquire Transport Investments' unit

Move Logistics

26/10/2017 20:32

Oct 27 (Reuters) - Bethunes Investments Ltd  BIL.NZ  
    * Entered into an agreement to acquire transport and 
logistics business of Transport Investments Limited for $200 
million 
    * Proposes to undertake placement of at least NZ$8.65 
million of new ordinary shares in BIL at $1.50 per share 
    * Tto fund cash consideration following completion , co  
will enter into new debt facilities with asb bank of about $100 
million 
    * To satisfy purchase price by issue of 73.3 million fully 
paid ordinary shares in BIL at $1.50 per share and balance 
payable in cash 
    * All figures in NZ$ 
 
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