News: SGF SG Fleet Group announces acquisition of Motiva

Nov 30 (Reuters) - SG Fleet Group Ltd (SGF) :

• Announces acquisition of UK Co Motiva Group Ltd, provider of contract hire, short-term rental and fleet management services
• Purchase price of acquisition is £12.4 million
• Expects cash eps accretion including synergies in its first full year of ownership of 3.5%
• Shares to value of £1.125 million will be issued to vendors, with remainder of consideration to be funded through debt and cash on hand
• Shares to value of £1.125 million will be issued to vendors, with remainder of consideration to be funded through debt (£7.4 million) and cash on hand