API australian pharmaceutical industries limited
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News: API Australian Pharmaceutical Industries To Acquire Assets Of Clearskincare Clinics For...

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    25/06/18
    09:30
    Post #: 33919578

    June 25 (Reuters) - Australian Pharmaceutical Industries Ltd (API) :

    • ENTERED BINDING AGREEMENTS TO ACQUIRE ASSETS OF CLEARSKINCARE CLINICS FOR $127.4 MILLION
    • CO WILL INITIALLY ACQUIRE 50.1% INTEREST IN CLINIC BUSINESS & WILL TAKE 100% OWNERSHIP OF SKINCARE PRODUCTS BUSINESS
    • API EXPECTS IMPACT OF ACQUISITION TO BE EPS POSITIVE IN FY19
    • DEAL TO BE FUNDED THROUGH A NEW MEDIUM TERM FACILITY OF $65 MILLION
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