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S63 - Singapore Technologies Engineering News Story

S$3.76 0.1  1.6%

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Sector
Industrials
Size
Large Cap
Market Cap £6.16bn
Enterprise Value £6.80bn
Revenue £3.82bn
Position in Universe 263rd / 6100

BRIEF-Singapore Technologies Engineering Announces Acquisition Of Belgium-based Newtec Group NV

Wed 27th March, 2019 2:36pm
March 27 (Reuters) - Singapore Technologies Engineering Ltd
 STEG.SI :
    * ST ENGINEERING TO ACQUIRE NEWTEC FOR EUR 250M
    * UNIT ENTERED INTO A CONDITIONAL SHARE PURCHASE AGREEMENT
TO
ACQUIRE A 100% OWNERSHIP IN NEWTEC GROUP NV
    * PROPOSED ACQUISITION EXPECTED TO BE EARNINGS ACCRETIVE
FROM
SECOND YEAR POST ACQUISITION

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZbFFrl8
Further company coverage:  STEG.SI 

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