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Konekt to buy 100 percent of Mission Providence for $24 mln

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  1. Aug 11 (Reuters) - Konekt Ltd (KKT) -

    • To buy 100 percent of mission providence for a cash consideration of $24 million
    • Credit approved acquisition facility for $18.3 million with commonwealth bank of australia
    • Placement & rights issue to raise $15.7 million in aggregate
    • On pro forma basis merged business expected to double revenue and ebitda and deliver eps before amortisation of c20% in fy18
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