Brief: Elopak ASA Will Acquire Naturepak Beverage For $96 Million

Pactiv Evergreen

12/10/2021 20:39

Oct 12 (Reuters) - Elopak ASA  ELO.OL :
    * ENTERED INTO AN AGREEMENT TO ACQUIRE 100% OF SHARE CAPITAL
IN
NATUREPAK BEVERAGE PACKAGING CO LTD
    * NATUREPAK BEVERAGE WILL BE REBRANDED AND INCORPORATED
UNDER
ELOPAK NAME
    * ELOPAK WILL ACQUIRE NATUREPAK BEVERAGE FOR A CASH FREE
DEBT FREE
PURCHASE PRICE OF $96 MILLION
    * TRANSACTION WILL BE FUNDED THROUGH A COMBINATION OF
AVAILABLE
CASH BALANCES AND CREDIT FACILITIES
    * TRANSACTION IS EXPECTED TO BE ACCRETIVE TO ELOPAK'S
GROWTH,
MARGINS AND EARNINGS PER SHARE UPON COMPLETION

Source text for Eikon:  ID:nObimB78sa 
Further company coverage:  ELO.OL 

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