16th Jan 2019 17:31
LONDON (Alliance News) - Xpediator PLC on Wednesday confirmed it is in discussions to acquire Slovenian logistics firm Intereuropa dd.
The freight management services firm responding to press reports that it was indeed in talks with Intereuropa's controlling shareholders for a possible acquisition.
At present, Xpediator said that any Intereuropa acquisition would exclude most of Intereuropa's property portfolio.
If the acquisition takes place, it is to be funded through a combination of debt funding and Xpediator's existing resources.
"Consistent with its stated strategy of making synergistic acquisitions to enhance organic growth, Xpediator has a pipeline of potential acquisition opportunities which at any given time are at various stages of consideration. A further announcement will be made, as appropriate, in due course," Xpediator said.
Shares in Xpediator closed down 1.7% at 53.10 pence on Wednesday.
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