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Efore Plc Acquires Roal Electronics S.p.A.


Wednesday, 10 Jul 2013 04:55am EDT 

Efore Plc announced that the Company has signed an agreement to acquire the entire share capital of the Italian-based Roal Electronics S.p.A. (Roal). Estimated closing of the transaction is in week 28 of 2013. The purchase price of equity amounts to EUR 9.7 million. 60% of the purchase price is paid in cash and 40% in Efore shares. Purchase price paid in Efore shares is equivalent to 5,243,243 Efore shares. Efore's Board has decided to use the AGM authorization to assign the shares to the sellers. Shares are valued at EUR 0.74 per share. Subscribing sellers agree not to sell its Efore shares within 12 months from the closing date of the transaction. 

Company Quote

0.72
0.03 +4.35%
17 Apr 2014