Midwich Group PLC - Norfolk-based audio visual distributor - Acquires 80% stake in Middle East-focused AV products distributor NMK Group, for AED49.8 million or GBP12 million upfront. This will be followed by additional AED21.0 million in cash, or GBP4.2 million six months later. Completion expected in early 2021.
Current stock price: 467.00 pence
Year-to-date change: down 22%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.