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BRIEF-SG Fleet Group announces acquisition of Motiva

Published 30/11/2016, 09:47 am
© Reuters.  BRIEF-SG Fleet Group announces acquisition of Motiva

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

* 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 Source text for Eikon: ID:nASX53kfCw Further company coverage: SGF.AX

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