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BRIEF-Aveo increases its interest in RVG to 73%

Published 18/04/2016, 09:49 am
© Reuters.  BRIEF-Aveo  increases its interest in RVG to 73%
AOG
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April 17 (Reuters) - Aveo Group AOG.AX :

* Aveo increases its interest in rvg to 73% AOG.AX

* 31% interest in rvg was progressively acquired in March and April 2016 for a

total consideration of $101 million

* Acquisitions are 1.5% EPS accretive for FY 2017 and FY 2018

* Aveo's forecast underlying EPS growth will now be at least 7.5% for FY 2017

and FY 2018

* Revised facility limit is $520 million of which drawn debt against this

facility will be approximately $350 million by 30 June 2016

* Says aveo's forecast underlying EPS growth will now be at least 7.5% for FY

2017 and FY 2018

* Aveo will fund the acquisitions through a $120 million increase to its

existing group syndicated facility limit

* Says current pricing terms on the facility will continue to apply

* Source text ID:

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