Brief: Lenovo Announces Proposed Acquisition Of Stake In PCCW Lenovo Technology & PCCW Network Services

Pccw

14/06/2022 15:39

June 14 (Reuters) - Lenovo Group Ltd  0992.HK : 
    * ANNOUNCES PROPOSED ACQUISITION OF 80% IN PCCW LENOVO
TECHNOLOGY
SOLUTIONS AND 20% IN PCCW NETWORK  SERVICES
    * TOTAL DEAL CONSIDERATION IS US$613.6 MILLION; CASH PORTION
OF
US$513.6 MILLION EXPECTED TO BE FUNDED BY INTERNAL RESOURCES
    * SHARE ELEMENT OF CONSIDERATION OF US$100.0 MILLION WILL BE
SATISFIED BY ALLOTMENT AND ISSUE OF 86.4 MILLION SHARES

Source text for Eikon:  ID:nHKS4RMQcb 
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 ((Reuters.Briefs@thomsonreuters.com;))