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BRIEF-APN Outdoor announces agreements to acquire advertising assets of Metrospace Advertising and IOM Pty Ltd

Published 13/07/2016, 04:41 pm
© Reuters.  BRIEF-APN Outdoor announces agreements to acquire advertising assets of Metrospace Advertising and IOM Pty Ltd
APO
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July 13 (Reuters) - APN Outdoor Group Ltd APO.AX :

* Announces entry into separate agreements to acquire outdoor advertising assets of metrospace advertising (metrospace) and iom pty ltd

* Consideration for metrospace deal will be between $16.3M and $19.5M depending on a number of site specific deliverables being met

* Iom acquisition represents an annualised revenue opportunity of $7M and is expected to be EPS accretive

* Metrospace acquisition represents an annualised revenue opportunity in excess of $6M and will be EPS accretive

* Iom deal at total consideration of $16M plus iom's cash at completion

* Source text

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