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BRIEF-Santa Fe Group Announces Sale Of Australian Business In A Management Buy Out

Published 03/12/2018, 10:46 am
Updated 03/12/2018, 10:50 am
© Reuters.  BRIEF-Santa Fe Group Announces Sale Of Australian Business In A Management Buy Out

Dec 2 (Reuters) - Santa Fe Group A/S SFGR.CO :

* ANNOUNCES THE SALE OF THEIR AUSTRALIAN BUSINESS IN A MANAGEMENT BUY OUT - COMPANY ANNOUNCEMENT NO 10/2018

* HAS REACHED AN AGREEMENT, IN FORM OF A TERM SHEET, WITH KOBUS FOURIE, MANAGING DIRECTOR FOR SANTA FE AUSTRALIA

* SANTA FE RELOCATION WILL SIGN A 5-YEAR FRANCHISE AGREEMENT WITH KOBUS FOURIE'S NEWLY ACQUIRED BUSINESS

* SHARES ARE SOLD AT PRICE OF AUD 1 (ONE) IN TOTAL AS PART OF DEAL

* FULL YEAR OUTLOOK FOR COMPANY IS ADJUSTED TO A REVENUE OF AROUND EUR 213 MILLION

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