BRIEF-Hudaco Industries acquires trading assets and liabilities of EBTSA, MMD Steel Products Close Corp

  • Reuters
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BRIEF-Hudaco Industries acquires trading assets and liabilities of EBTSA, MMD Steel Products Close Corp
Credit: © Reuters.

Aug 1 (Reuters) - Hudaco Industries Ltd HDCJ.J

* ACQUISITION OF TRADING ASSETS AND LIABILITIES OF EBTSA (PROPRIETARY) LIMITED AND MMD STEEL PRODUCTS CLOSE CORPORATION

* MAXIMUM CONSIDERATION FOR THE DEAL COULD BE R248 MILLION

* CONSIDERATION WILL BE FUNDED FROM CASH GENERATION, EXISTING AND (IF NECESSARY) NEW FACILITIES

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