Covetrus to Enter JV in Spain and Portugal

Covetrus将进入西班牙和葡萄牙合资公司

2020/01/15 05:42  道琼斯

DJ Covetrus to Enter JV in Spain and Portugal



By Stephen Nakrosis

Covetrus Inc. (CVET) on Tuesday said it will establish a joint venture, combining its Portugal and Spain businesses with Distrivet, a provider of veterinary products and services in Spain.

Covetrus will own 50.01% of Distrivet, a Covetrus company, and the JV "will be treated as an investment under the equity method of accounting," the company said.

The deal is expected to close within 90 days, Covetrus said.

Financial terms of the deal weren't disclosed.



--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com



(END) Dow Jones Newswires

January 14, 2020 16:42 ET (21:42 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

DJ Covetrus将进入西班牙和葡萄牙合资公司



斯蒂芬·纳坏死

Covetrus公司(CVeT)周二表示,将成立一家合资公司,将葡萄牙和西班牙业务与西班牙兽医产品和服务供应商德雷维公司合并。

Covetrus将拥有Covetrus公司德雷维50.01%的股份,该合资公司“将被视为股权会计方法下的一项投资,”该公司表示。

Covetrus说,这笔交易预计将在90天内完成。

这笔交易的财务条款没有披露。



-致函Stephen.nakrd@wsj.com



(完)道琼斯通讯社

2020年1月14日16:42(格林尼治时间21:42)

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