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BRIEF-Just Energy Group buys of 95 pct of db SWDirekt
December 12, 2016 / 1:13 PM / a year ago

BRIEF-Just Energy Group buys of 95 pct of db SWDirekt

Dec 12 (Reuters) - Just Energy Group Inc:

* Just Energy Group Inc announces expansion into Germany through acquisition of 95% of db SWDirekt

* Just Energy Group Inc says additional terms of deal include a EUR1.6 million payment upon achievement of sales targets

* Just Energy Group Inc says has acquired 95 percent of issued and outstanding shares of swdirekt for EUR3.4 million

* Just Energy - additional terms of deal also include earn-out of 5% of cumulative positive EBITDA in each FY up to maximum aggregate earn-out payment of EUR25 million Source text for Eikon: Further company coverage:

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