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BRIEF-Deutz Acquires Genset Manufacturer Blue Star Power Systems
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June 27 (Reuters) - DEUTZ AG DEZG.DE:
DEUTZ ACQUIRES GENSET MANUFACTURER BLUE STAR POWER SYSTEMS, INC.
COMPLETION OF TRANSACTION IS SUBJECT TO USUAL CONDITIONS, PARTICULARLY NECESSARY REGULATORY APPROVALS, AND IS EXPECTED TO TAKE PLACE IN SECOND HALF OF 2024
TO FINANCE ACQUISITION, DEUTZ IS CURRENTLY EXAMINING VARIOUS FUNDING STRUCTURES
IN EVENT THAT TRANSACTION IS FULLY FINANCED FROM BORROWING, EQUITY RATIO IS LIKELY TO DECREASE BY A LOW-SINGLE-DIGIT PERCENTAGE AMOUNT, THUS REMAINING WELL ABOVE TARGET FIGURE OF MORE THAN 40 PERCENT
TODAY SIGNED AN AGREEMENT THROUGH ITS WHOLLY OWNED INDIRECT SUBSIDIARY DEUTZ CORPORATION, TO ACQUIRE ALL OF SHARES IN BLUE STAR POWER SYSTEMS, INC. ('BLUE STAR POWER SYSTEMS') FROM BLUE STAR POWER SYSTEMS HOLDINGS, INC.
Source text for Eikon: ID:nEQ6jn0tfa
Further company coverage: DEZG.DE
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))
