SEK 0.90% $26.55 seek limited

News: SEK Seek entered into binding agreements to increase its ownership interest in OES

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    March 20 (Reuters) - Seek Ltd (SEK) :

    • Entered into binding agreements to increase its ownership interest in OES
    • Expect transaction to be cash EPS accretive in FY18 and strongly accretive over medium to long-term
    • Post transaction, ownership interests are as follow Seek 80%, Swinburne 20%
    • Transaction to be funded by bank debt facilities
    • Seek to invest A$118.5m to increase its ownership in online education services from 50% to 80%
 
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