Reuters logo
BRIEF-Finbond to buy 75 pct of Blake Enterprises for $9.6 mln
July 5, 2017 / 8:40 AM / 5 months ago

BRIEF-Finbond to buy 75 pct of Blake Enterprises for $9.6 mln

July 5 (Reuters) - Finbond Group Ltd

* Entered into an agreement to acquire 75 pct of Blake Enterprises in United States Of America with effect 1 July 2017

* Following Blake Enterprises transaction, approximately 60 pct to 70 pct of Finbond’s net earnings will be denominated in US$

* Intention is to grow US$ earnings to approximately 80 pct - 90 pct of net earnings in 3 to 5 years

* Purchase consideration payable by Finbond to vendor is US$9.6 million (r129.6 million) Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
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