Cohort has announced that it has increased its holding in EID to 80% from 57% for the additional consideration of €3.97m from existing cash resources and debt facilities. The Portuguese government retains the remaining 20% and this is all in line with its previously announced strategy. EID brings new geographies, a good order pipeline and further growth opportunities. In addition, the company has indicated that it remains on course to meet FY18 expectations. HY18 results will be publishe
28 Nov 2017
Cohort - Going to plan
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Cohort - Going to plan
Cohort plc (CHRT:LON) | 741 -163 (-2.9%) | Mkt Cap: 307.8m
- Published:
28 Nov 2017 -
Author:
Andy Chambers -
Pages:
2
Cohort has announced that it has increased its holding in EID to 80% from 57% for the additional consideration of €3.97m from existing cash resources and debt facilities. The Portuguese government retains the remaining 20% and this is all in line with its previously announced strategy. EID brings new geographies, a good order pipeline and further growth opportunities. In addition, the company has indicated that it remains on course to meet FY18 expectations. HY18 results will be publishe