First Finance International Bank Inc Acquires 100% of the Shares of CSI Group Limited

Posted August 22, 2019 by FirstFinanceBank

First Finance International Bank Inc purchases 100% of the shares of CSI Group Limited.

First Finance International Bank Inc., (“FFIBI”) announced today the agreement to purchase 100% of the shares of CSI Group Limited (“CSI”).

After much consideration and negotiation, the board of directors and shareholders of both companies have reached agreement on the purchase price being not less than 10 times the audited Earnings before interest and Tax (EBIT)

The agreed EBIT will be the average over the last 12 months and will be subject to complete acceptable due diligence.
The purchase will include the main business operations and the intelligent trading strategy software system of CSI.

After the completion of the acquisition, FFIBI will take control of the operations of the company and FFIBI has agreed to invest additional funds to enhance the intelligent trading strategy business.

Media Contact:
First Finance International Bank Inc.
[email protected]
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Contact Email [email protected]
Issued By First Finance International Bank
Country Puerto Rico
Categories Banking
Tags finance
Last Updated August 22, 2019