Aalberts To Acquire GVT In Southeast Asian Semicon Market
ReutersJul 10, 2025 5:35 AM
July 10 (Reuters) - Aalberts NV AALB.AS:
AALBERTS INTENDS TO ACQUIRE GVT IN SOUTHEAST ASIAN SEMICON MARKET
DEAL EXPECTED TO FINALIZE BY END OF 2025
TO BUY 100% OF GRAND VENTURE TECHNOLOGY
ACQUISITION TO BOOST EPS
TRANSACTION IS EXPECTED TO BE FINALISED BY END OF 2025
SHAREHOLDERS OF GVT ARE OFFERED A CONSIDERATION OF SGD 0.94 IN CASH PER SHARE
ACQUISITION WILL DIRECTLY CONTRIBUTE TO EARNINGS PER SHARE AND WILL BE FINANCED FROM EXISTING CREDIT FACILITIES
IMPLYING TOTAL CONSIDERATION OF ABOUT SGD 319 MILLION FOR ALL OUTSTANDING SHARES
MAJOR SHAREHOLDERS, HOLDING ABOUT 64% OF GVT SHARES, HAVE GRANTED IRREVOCABLE UNDERTAKINGS TO AALBERTS TO VOTE IN FAVOUR OF TRANSACTION
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