StockMarketWire.com - Origin Enterprises has reached agreement to acquire the fertiliser activities and certain assets of UK-based Bunn Fertiliser Ltd. Origin would acquire the business, on a debt- and cash-free basis, for £14.2m, payable in cash on completion.

The total enterprise value of the deal, inclusive of estimated average working capital, was expected to be £18.2m, approximately.

The acquisition was being funded from existing bank facilities and is expected to be earnings enhancing in the first full year of ownership.




At 8:18am: [LON:OGN] Origin Enterprises PLC share price was 0p at 6.4p



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