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Glentel Inc Acquires 83% Of AMT Group Pty Ltd


Tuesday, 25 Sep 2012 10:19pm EDT 

Glentel Inc announced that it has entered into an agreement to acquire 83% shareholding in AMT Group Pty Ltd (AMT Group) Australia, which operates and manages over 210 stores nationally across Australia. The total purchase price is AUD70.6 million, subject to closing adjustments. The purchase price will be funded by GLENTEL's cash, short-term investments, and debt. The transaction is expected to close in the next four to six weeks. 

Company Quote

11.01
-0.1 -0.90%
21 Jul 2014