BBG billabong international limited
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News: BBG Billabong International Ltd announces sale of Tigerlily

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    23/02/17
    10:30
    Post #: 22836101

    Feb 23 (Reuters) - Billabong International Ltd (BBG) :

    • Announces sale of Tigerlily
    • Entered into binding documentation to sell Tigerlily business to Crescent Capital Partners
    • Sale of Tigerlily will raise $60 million, with net proceeds from sale used to retire debt
    • Expected to contribute between $7 million and $8 million in EBITA to billabong for 2017 financial year
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