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July 1 (Reuters) - Adbri Ltd (ABC) : MAWSONS JV AGREES TO...

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    01/07/21
    11:55
    Post #: 54204287

    July 1 (Reuters) - Adbri Ltd (ABC) :

    • MAWSONS JV AGREES TO ACQUIRE MILBRAE CONCRETE AND QUARRY
    • MAWSONS JOINT VENTURE SIGNED AGREEMENT TO PURCHASE MILBRAE CONCRETE AND AGGREGATE BUSINESS
    • ACQUISITION WILL BE FUNDED BY MAWSONS THROUGH EXISTING CASH HOLDINGS AND AN EXTERNAL DEBT FACILITY
    • ACQUISITION IS HIGHLY ACCRETIVE TO MAWSONS AT A MULTIPLE WHICH REPRESENTS 4.3 TIMES FORECAST 2021 EBITDA
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