SQS announced yesterday the acquisition of the outstanding 25% of SQS India, for a cash price of INR 785m (c.€10.5m) in accordance with a call option in place since 2008. The strategic merit of owning 100% of the unit is clear, and our own view, having visited the site in question last year, is that the Pune location delivers high quality and reliable testing. We make no changes to our forecasts, other than to reflect the cash outflow, so we currently make no change to our Buy recommenda
10 May 2016
Buying the last 25% of Pune test centre
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Buying the last 25% of Pune test centre
Leverage Shares -1x Short Square ETP (SQS:LON) | 465 65.2 3.1% | Mkt Cap: 0.20m
- Published:
10 May 2016 -
Author:
Gareth Evans -
Pages:
2
SQS announced yesterday the acquisition of the outstanding 25% of SQS India, for a cash price of INR 785m (c.€10.5m) in accordance with a call option in place since 2008. The strategic merit of owning 100% of the unit is clear, and our own view, having visited the site in question last year, is that the Pune location delivers high quality and reliable testing. We make no changes to our forecasts, other than to reflect the cash outflow, so we currently make no change to our Buy recommenda