Brief: Orsero to buy other 50 pct in its JV Hermanos Fernández López

Orsero SpA

27/07/2017 17:19

July 27 (Reuters) - ORSERO SPA  ORSO.MI : 
    * SIGNS AGREEMENT WITH GRUPO FERNÁNDEZ TO BUY 50 PERCENT IN HERMANOS FERNÁNDEZ LÓPEZ 
    * WHOLLY OWNED UNIT GF DISTRIBUZIONE ALREADY OWNS REMAINING 50 PERCENT IN HERMANOS FERNÁNDEZ 
LÓPEZ 
    * PURCHASE VALUE OF 50 PERCENT IN HERMANOS FERNÁNDEZ LÓPEZ IS EUR 19 MILLION 
    * FINALIZES ACQUISITION OF 50 PERCENT STAKES IN JOINT VENTURES FRUTTITAL FIRENZE AND GALANDI 
    * SEES ACQUISITIONS TO BRING INCREASE IN NET REVENUE OF EUR 220 MILLION ON A YEARLY BASIS 
    * ACQUISITIONS WERE FINALIZED WITH VALUATION OF EUR 11.4 MILLION FOR 50 PERCENT IN FRUTTITAL 
FIRENZE AND EUR 2.9 MILLION FOR 50 PERCENT IN GALANDI 
 
Source text for Eikon:  ID:nBIA4LlH2J  
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