BRIEF-Transpaco Says Entered Deal To Buy Sale Shares Of Future Packaging And Machinery

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BRIEF-Transpaco Says Entered Deal To Buy Sale Shares Of Future Packaging And Machinery
Credit: © Reuters.

Dec 18 (Reuters) - Transpaco Ltd TPCJ.J :

* TRANSPACO - ENTERED AGREEMENT TO ACQUIRE SALE SHARES OF FUTURE PACKAGING AND MACHINERY GROUP

* TRANSPACO - MAXIMUM ESTIMATED PURCHASE CONSIDERATION PAYABLE FOR FPM IS R105,0 MILLION

* TRANSPACO WILL BE FINANCING TRANSACTION THROUGH A COMBINATION OF EXISTING FACILITIES AND CASH RESOURCES

* PURCHASE CONSIDERATION FOR FPM INCLUDES A PREMIUM OF R37,2 MILLION TO BOOK VALUE OF NET ASSETS BEING ACQUIRED IN TERMS OF TRANSACTION

* CLOSING DATE OF ACQUISITION IS ESTIMATED TO BE 1 MAY 2018

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