SGF 1.54% $3.30 sg fleet group limited

News: SGF SG Fleet Group announces acquisition of Motiva

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    Nov 30 (Reuters) - SG Fleet Group Ltd (SGF) :

    • Announces acquisition of UK Co Motiva Group Ltd, provider of contract hire, short-term rental and fleet management services
    • Purchase price of acquisition is £12.4 million
    • Expects cash eps accretion including synergies in its first full year of ownership of 3.5%
    • Shares to value of £1.125 million will be issued to vendors, with remainder of consideration to be funded through debt and cash on hand
    • Shares to value of £1.125 million will be issued to vendors, with remainder of consideration to be funded through debt (£7.4 million) and cash on hand
 
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