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Earthport PLC announces acquisition of minority stake in ASPone

Monday, 18 Aug 2014 02:00am EDT 

Earthport PLC:Enters into an agreement between Earthport and the shareholders of ASPone, whereby Earthport will purchase a 45 pct stake in ASPone in four years' time.For Earthport, this forward acquisition will be based on a minimum enterprise value of 6 mln pounds for 100 pct of ASPone, which will be reduced by an amount equal to any distributions from ASPone to its existing shareholders from its free cash flow over the next four years. 

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