Brief: Startek® Enters Into Definitive Agreement To Sell Interest In Contact Center Company

Startek

11/01/2023 12:38

Startek Inc  SRT.N :
    * STARTEK® ENTERS INTO DEFINITIVE AGREEMENT TO SELL INTEREST
IN
CONTACT CENTER COMPANY
    * STARTEK INC - STARTEK AND STC WILL DIVEST THEIR RESPECTIVE
OWNERSHIP INTEREST IN CCC AT AN ENTERPRISE VALUE OF SAR450
MILLION
    * STARTEK INC - TRANSACTION IS EXPECTED TO BE COMPLETED
DURING Q2
OF 2023
    * STARTEK - ESM HOLDINGS LIMITED, UNIT OF CO , ENTERED INTO
DEFINITIVE SHARE PURCHASE AGREEMENT WITH ARABIAN INTERNET AND
COMMUNICATIONS SERVICES CO
    * STARTEK - AFTER SHARE PURCHASE AGREEMENT WITH SOLUTIONS,
STARTEK, STC TO DIVEST  RESPECTIVE OWNERSHIP INTEREST IN CCC AT
ENTERPRISE VALUE OF SAR450 MILLION
    * STARTEK INC - COMPANY IS DIVESTING ITS STAKE IN CCC TO
FOCUS ON
ITS CORE BUSINESS ACTIVITIES
    * STARTEK-ANTICIPATED CO TO UTILIZE PROCEEDS FROM DEAL TO
PAY DOWN
AMOUNTS OUTSTANDING UNDER SECURED REVOLVING CREDIT
FACILITY,SENIOR TERM LOAN FACILITY DEAL

Source text for Eikon:  ID:nBw2Kb0Hxa 
Further company coverage:  SRT.N