Just Water agrees to sell Australian business for A$11 million to Waterlogic

Sun, 12 Apr 2015

By Tina Morrison April 13 (BusinessDesk) - Just Water International, the water cooler and supplies business 79 percent owned by founder Tony Falkenstein, has agreed to sell its Australian business to Waterlogic Australia for A$11 million in cash to repay debt and fund growth. The purchase requires the approval of Just Water shareholders at a meeting on April 28, with the deal expected to be completed about May 1, the Auckland-based company said in a statement. The board of NZAX-listed Just Water supports the sale and unanimously recommend...

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