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UK's RWS Holdings agrees $320 mln deal to buy Czech firm Moravia

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UK's RWS Holdings agrees $320 mln deal to buy Czech firm Moravia

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PRAGUE (Reuters) – British translation and intellectual property services company RWS Holdings <RWS.L> will buy Czech translation service provider Moravia for $320 million (£243.2 million), the companies said on Wednesday. The deal is expected to close by November, the groups said in separate statements. RWS said it would finance the acquisition with a share placement worth 185 million pounds and a $160 million term loan. U.S. private equity firm Clarion Capital Partners acquired a majority stake in Moravia in 2015. Since then, Moravia has lifted its revenue to $159.2 million in 2016, from $100.3 million in 2014.

(Reporting by Jason Hovet; Editing by Adrian Croft)
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