Brief: Seche Environnement Launches A Bid For Interwaste

Seche Environnement SA

02/11/2018 17:13

Nov 2 (Reuters) - SECHE ENVIRONNEMENT SA  CCHE.PA :
    * LAUNCHES A BID  FOR INTERWASTE, A MAJOR WASTE MANAGEMENT
PLAYER
IN SOUTH AFRICA
    * TRANSACTION WILL BE IMPLEMENTED VIA SCHEME OF ARRANGEMENT
WHEREBY SÉCHÉ SOUTH AFRICA IS OFFERING INTERWASTE'S SHAREHOLDERS
ZAR 1.20 PER SHARE
    * ACQUISITION OF 100% OF INTERWASTE’S EQUITY IS EXPECTED TO
COST
AROUND €32M
    * ACQUISITION OF 100% OF INTERWASTE’S EQUITY WOULD BE
FINANCED
USING DRAWDOWNS FROM INTERWASTE’S BANK FACILITY OF JULY 2018
    * ACQUISITION IS ANTICIPATED TO COMPLETE IN THE FIRST
QUARTER OF
2019
    * ACQUISITION WILL HAVE NO IMPACT ON SÉCHÉ ENVIRONNEMENT'S
FINANCIAL POSITION AT DECEMBER 31, 2018

Source text: https://bit.ly/2PAdFQ5
Further company coverage:  CCHE.PA 

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