BRIEF-G8 Education says co to acquire 63 childcare and education centres

Mon, 10 Feb - 8:20am

Feb 10 (Reuters) - G8 Education Ltd GEM.AX :

* Acquisition of 63 premium childcare and education centres GEM.AX

* Says total purchase price for the 63 centres is $104.67 million

* Says together, the centres will contribute $26.06 million of annualised centre based EBIT

* Says the acquisitions will be funded from existing cash reserves and debt

* Says the centres are expected to contribute to EBIT immediately upon settlement

* Source text for Eikon News Search ID:nASX4N6rD3

* ((For more news, please click here GEM.AX ))

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URN: 
urn:newsml:reuters.com:20140209:nWNBS00B91:8
Topics: 
IND AU CMPNY CMSS PSVC INDS BSUP ASIA BLR DEAL1 DBT LEN LOA PEPS BUS RTRS MRG BACT CDM CORPD NCYC REGS MAC ISER

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