Brief: Skeljungur Acquires Basko

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17/09/2019 15:38

Sept 17 (Reuters) - Skeljungur Ltd  SKEL.IC :
    * REG-SKELJUNGUR HF.: SKELJUNGUR PURCHASES BASKO EHF.
    * SKELJUNGUR SIGNED AN AGREEMENT TO PURCHASE ALL OUTSTANDING
SHARES IN BASKO EHF
    * PURCHASE PRICE IS ISK 30M
    * PURCHASE WILL HAVE A MINIMAL EFFECT ON SKELJUNGUR'S EBIDTA
FORECAST FOR CURRENT YEAR AND WILL NOT GIVE CAUSE FOR AN AMENDED
EBITDA GUIDELINE
    * FOLLOWING A FINANCIAL RESTRUCTURING IT IS ANTICIPATED THAT
BASKO
WILL HAVE A POSITIVE ANNUAL EBIDTA EFFECT OF AROUND ISK 100-200M
ON SKELJUNGUR GROUP

Source text for Eikon:  ID:nGNE22tYX5 
Further company coverage:  SKEL.IC 

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