Dec 2 (Reuters) - Stargroup Ltd (STL) :
- Stargroup signs asset sale agreement with Indue-stl.ax
- Consideration is $6.5million payable in cash and acquisition is being fully funded via debt
- Projected annualised revenue increase of $4.1million
- Projected annualised ebitda increase of $1.7million
- Co & Indue executed agreement for atm switching, settlement, telecommunications and atm reseller businesses operated by Indue
- Putting in place of a $15million debt facility to fund the acquisition
- Parties have agreed to key terms of ongoing services to be provided by indue to stargroup post completion
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- News: STL Stargroup executes asset sale agreement with Indue
News: STL Stargroup executes asset sale agreement with Indue
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