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Renew Holdings Acquires Porter Brothers Holdings Ltd For £18.9 Mln

By Reuters News

Oct 28 (Reuters) - Renew Holdings PLC RNWH.L:

  • RENEW HOLDINGS PLC - ACQUISITION OF PORTER BROTHERS HOLDINGS LIMITED

  • RENEW - ACQUISITION WILL BE IMMEDIATELY EARNINGS ENHANCING

  • RENEW HOLDINGS PLC: DEAL FOR A TOTAL CONSIDERATION OF UP TO £50M

  • RENEW - ADDITIONAL CASH CONSIDERATION OF UP TO £18.9M CONDITIONAL ON PROFIT TARGETS

  • RENEW - INITIAL CASH CONSIDERATION OF £31.1M FUNDED FROM EXISTING FACILITIES

Further company coverage: RNWH.L

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