StockMarketWire.com - Origin Enterprises, the Agri-Services Group, has reached conditional agreement to acquire a controlling interest in the business of Agroscope.

Origin will acquire an initial 60% interest in Agroscope on a cash-free, debt-free basis for a total cost of $17.56 million based upon an enterprise value for Agroscope of $29.27 million inclusive of average working capital.

Agroscope's forecast revenues and earnings before interest and tax for the year ended 31 December 2013 are $107.51 million and $7.19 million, respectively.




At 8:00am: [LON:OGN] share price was 0p at 7.15p



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