Covetrus to Enter JV in Spain and Portugal
Covetrus to Enter JV in Spain and Portugal
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 to Enter JV in Spain and Portugal
DJ Covetrus將進入西班牙和葡萄牙的合資企業
By Stephen Nakrosis
作者：斯蒂芬·納克西
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 Inc.(CVeT)週二表示，將成立一家合資企業，將其葡萄牙和西班牙業務與西班牙獸醫產品和服務提供商Distrivet合併。
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.
Covetrus將擁有Covetrus旗下公司Distrive50.01%的股份，該公司表示，合資公司“將被視為股權會計方法下的一項投資”.
The deal is expected to close within 90 days, Covetrus said.
Covetrus表示，這筆交易預計將在90天內完成。
Financial terms of the deal weren't disclosed.
交易的財務條款沒有披露。
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
--寫信給斯蒂芬·納克希爾斯，電子郵件：stehen.naksim@wsj.com
(END) Dow Jones Newswires
(完)道瓊通訊社
January 14, 2020 16:42 ET (21:42 GMT)
2020年1月14日美國東部時間16：42(格林尼治標準時間21：42)
Copyright (c) 2020 Dow Jones & Company, Inc.
版權所有(C)2020道瓊斯公司。
譯文內容由第三人軟體翻譯。
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