Brief: Hanwha To Acquire Philly Shipyard

Philly Shipyard ASA

20/06/2024 13:06

June 20 (Reuters) - 
    Philly Shipyard  PHLY.OL : 
    * HANWHA TO ACQUIRE PHILLY SHIPYARD
    * HAS ENTERED INTO SHARE PURCHASE AGREEMENT WITH BOTH HANWHA
SYSTEMS AND HANWHA OCEAN FOR PURCHASE OF PHILLY SHIPYARD, INC.
    * PURCHASE PRICE IS USD 100 MILLION
    * TRANSACTION WILL RESULT IN COMPANY SELLING ALL OF ITS
BUSINESS
AGAINST RECEIVING A CASH CONSIDERATION OF USD 100 MILLION
    * PURCHASE PRICE CORRESPONDS TO A VALUE PER PHLY SHARE OF
NOK
87.24
    * COMPANY'S BOARD OF DIRECTORS HAVE APPROVED TRANSACTION
    * PARTIES EXPECT THAT TRANSACTION WILL CLOSE DURING Q4 2024

Source text for Eikon:  ID:nObix13ZXa 
Further company coverage:  000880.KS 

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