Axiata Group inks deal with M&Y Asia Telecom and Mitsui & Co Ltd [Reuters]
MITSUI & CO LTD ADR (MITSY)
US:NASDAQ Investor Relations:
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Source: Reuters
7:53am EDT May 19 (Reuters) - Axiata Group Bhd ::Axiata Investments (Cambodia) entered into a share purchase agreement with M&Y Asia Telecom Holdings Pte. Ltd. and Mitsui & Co., Ltd..Deal for a total cash consideration of USD66.0 million.Proposed disposal is expected to have dilutive impact to the earnings and EPS for financial year ending 31 December 2017.Agreement for disposal by AIC of 226 ordinary shares in Axiata Holdings Limited, representing 10% capital of ACH.Has also granted Mitsui a call option to acquire an additional 10% interest, exercisable within 12 months from the completion of deal.Pursuant to initial sale, AIC entered into amended and restated shareholders agreement with My Asia and Southern Coast Ventures Inc.
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