PNC pioneer credit limited
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News: PNC Pioneer Credit Signs Scheme Implementation Agreement With Carlyle

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    05/12/19
    12:30
    Post #: 41810740

    Dec 5 (Reuters) - Pioneer Credit Ltd (PNC) :

    • PIONEER SIGNS SCHEME IMPLEMENTATION AGREEMENT WITH CARLYLE
    • DEAL FOR ENTERPRISE VALUE OF ABOUT $288 MILLION
    • ENTERED INTO A SCHEME IMPLEMENTATION AGREEMENT WITH ROBIN BIDCO PTY LTD AND ROBIN HOLDCO HOLDINGS
    • PIONEER BOARD UNANIMOUSLY RECOMMEND THAT PIONEER SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
    • UNDER AGREEMENT, IT IS PROPOSED THAT CARLYLE UNIT BIDCO WILL ACQUIRE 100% OF FULLY DILUTED PIONEER SHARES OUTSTANDING
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