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News: BAP Bapcor Announces Agreement To Acquire Commercial Truck Parts Group

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    Nov 29 (Reuters) - Bapcor Ltd (BAP) :

    • ANNOUNCES AGREEMENT TO ACQUIRE COMMERCIAL TRUCK PARTS GROUP
    • SIGNED AN AGREEMENT TO PURCHASE 5 COMPANIES THAT SPECIALISE IN SALE OF JAPANESE COMMERCIAL TRUCK SPARE PARTS
    • PURCHASE WILL BE FUNDED THROUGH EXISTING DEBT FACILITIES AND ISSUANCE OF NEW SHARES IN BAPCOR LIMITED
    • EARNINGS FROM ACQUISITION IN REMAINING PERIOD OF FY19 ARE EXPECTED TO MORE THAN OFFSET FULL YEAR EARNINGS OF TRS WHICH WAS DIVESTED
    • $15M OF PURCHASE COST IS DEFERRED UNTIL 12 MONTHS AFTER COMPLETION AND IS SUBJECT TO CERTAIN CONDITIONS
 
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