May 8, 2017 / 10:59 PM / 3 months ago

BRIEF-Apollo Tourism & Leisure to acquire Kratzmann Caravans and Clint's Caravan warehouse

May 9 (Reuters) - Apollo Tourism & Leisure Ltd:

* Binding agreement to acquire all assets of Kratzmann Caravans and Clint's Caravan warehouse for approximately A$15.6 million

* Kratzmanns acquisition is earnings accretive on a FY17 12 month pro forma basis and is expected to be earnings accretive into FY18

* Canadream acquisition is earnings accretive on FY17 12 month pro forma basis & expects to be earnings accretive on 12 mnth basis into FY18

* Conducting a fully underwritten non-renounceable entitlement offer to raise approximately A$40.3 million

* Says it is on track to exceed prospectus FY17 pro forma forecast NPAT by 5% - 10% Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below