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Bids, Mergers and Takeovers

Chesnara completes acquisition of Waard Group

20 May 2015 08:20

Chesnara has completed its acquisition of the Waard Group from DSB Beheer BV.

The total consideration paid to DSB was £69.9m, comprising an initial consideration of £67.8m and deferred performance-related compensation of £2.1m.

Chief executive John Deane said: "I am delighted to welcome the customers and employees of the Waard Group to Chesnara. This transaction represents another successful acquisition for the Group and provides the opportunity to progress other value enhancing deals in the Dutch market."

At 8:20am: (LON:CSN) Chesnara PLC share price was +0.38p at 324.63p

Story provided by StockMarketWire.com

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