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Webjet Ltd announces agreement to acquire SunHotels Group

Sunday, 13 Jul 2014 07:00pm EDT 

Webjet Ltd:Says that it has entered into a binding Heads of Agreement to acquire the SunHotels Group with effect from July 1, 2014.Says the purchase price is payable in cash and is based on an agreed value of 21 million euro subject to various settlement adjustments relating to working capital and other matters and will be 100 pct. funded through a euro denominated set finance facility.Says Webjet will acquire 100 pct. of the entities and has moved into a position of management oversight and Board representation. 

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-0.09 -1.27%
1 Jul 2016