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Stock impact report

Hospital beds firm LINET may agree stake sale in first half of 2019 - founder [Reuters]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Reuters
Hospital beds firm LINET may agree stake sale in first half of 2019: founder | Reuters 3 Min Read PRAGUE (Reuters) - European hospital and nursing bed maker LINET Group is in talks with three or four bidders over the potential sale of a stake and could wrap up a deal in the first half of 2019, the company’s founder and main shareholder said. Zbynek Frolik, who holds a 33 percent stake in LINET, told Reuters the company was under no pressure to sell a stake but sought fresh investment to fund growth or acquisitions. Frolik started LINET in 1990 and has grown it into a global player in more than 100 countries. He said discussions remained over the company’s valuation, which he saw at around 550 million euros ($621 million), or 11 times expected earnings before interest, tax, depreciation and amortization (EBITDA). It was not decided if a minority or majority stake would be sold, he said on the sidelines of a conference this week. “The process is in progress and maybe in the next half a Show less Read more
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