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BRIEF-5N Plus To Acquire Azur Space

Published 2021-03-30, 08:09 a/m
© Reuters.
VNP
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March 30 (Reuters) - 5N Plus Inc VNP.TO :

* 5N PLUS TO ACQUIRE AZUR SPACE

* 5N PLUS INC - WILL ACQUIRE ALL OF ISSUED AND OUTSTANDING SHARES OF AZUR FOR AN EXPECTED TOTAL PURCHASE PRICE BETWEEN 73-79 MILLION EUROS

* 5N PLUS INC - EXPECTS TO FINANCE WORKING CAPITAL IN RANGE OF 20 TO 26 MILLION EUROS WITH PROVISION NOT TO EXCEED 27 MILLION EUROS

* 5N PLUS INC - CASH PORTION OF TRANSACTION IS EXPECTED TO BE FUNDED THROUGH A SENIOR DEBT FACILITY

* 5N PLUS INC - WILL FULLY INTEGRATE AZUR'S WORKFORCE

* 5N PLUS INC - WILL APPOINT JÜRGEN HEIZMANN, MANAGING DIRECTOR OF AZUR, AS A MEMBER OF 5N PLUS'S EXECUTIVE COMMITTEE

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