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BRIEF-Apollo Tourism & Leisure to acquire Kratzmann Caravans and Clint's Caravan warehouse

Published 2017-05-08, 06:57 p/m
© Reuters.  BRIEF-Apollo Tourism & Leisure to acquire Kratzmann Caravans and Clint's Caravan warehouse
ATL
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May 9 (Reuters) - Apollo Tourism & Leisure Ltd ATL.AX :

* Binding agreement to acquire all assets of Kratzmann Caravans and Clint's Caravan warehouse for approximately A$15.6 million

* Kratzmanns acquisition is earnings accretive on a FY17 12 month pro forma basis and is expected to be earnings accretive into FY18

* Canadream acquisition is earnings accretive on FY17 12 month pro forma basis & expects to be earnings accretive on 12 mnth basis into FY18

* Conducting a fully underwritten non-renounceable entitlement offer to raise approximately A$40.3 million

* Says it is on track to exceed prospectus FY17 pro forma forecast NPAT by 5% - 10% Source text for Eikon: ID:nASX1C7Byc Further company coverage: ATL.AX

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