Reuters logo
4 months ago
BRIEF-Genuine Parts invests in industrial distributor in Australasia
March 30, 2017 / 12:41 PM / 4 months ago

BRIEF-Genuine Parts invests in industrial distributor in Australasia

1 Min Read

March 30 (Reuters) - Genuine Parts Co

* Genuine parts company invests in leading industrial distributor in australasia

* Says co & inenco group enters into agreement whereby inenco will issue new shares to genuine parts co

* Says deal represents a 35% stake in inenco for approximately $70 million in cash

* Genuine parts co - parties agree to a structure by which genuine parts co to have opportunity to buy remaining 65% stake in inenco at a later date Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below