Aber Completes Purchase of Harry Winston
2006年10月2日 - 10:00PM
PRニュース・ワイアー (英語)
TORONTO, Oct. 2 /PRNewswire-FirstCall/ -- ABER DIAMOND CORPORATION
(TSX-ABZ, NASDAQ-ABER) ("Aber" or the "Company") announced today
that it has completed the purchase of the minority shareholders'
ownership in Harry Winston and expansion of its existing credit
facility. On September 13, 2006, Aber announced that it had entered
into an agreement to purchase the minority shareholders' interest
in world-renowned jeweler, Harry Winston, for approximately US$157
million giving it full 100% ownership. The transaction attributes
an equity value to Harry Winston of approximately US$330 million.
The purchase will be financed through a combination of cash
resources and an increase to Aber's existing credit facility. Aber
has amended its existing credit facility to include a term loan of
US $100 million which has a final maturity date of June 2008. About
Aber Aber Diamond Corporation is a specialist diamond company
focusing on the mining and retail segments of the diamond industry.
The Company supplies rough diamonds to the global market through
its 40% ownership in the Diavik Diamond Mine and owns one of the
world's premier retailers of diamond jewelry, Harry Winston. About
Harry Winston Founded in 1932, Harry Winston is one of the world's
most prestigious branded diamond jewelers, providing high-end
diamond jewelry and timepieces. Known as "The King of Diamonds",
Harry Winston is one of the world's leading luxury goods brands.
The name is synonymous with the most famous gemstones and jewelry
designs in the world, including the Hope Diamond, the Jonker
Diamond, and the Taylor-Burton Diamond. Information in this news
release that is not current or historical factual information may
constitute forward-looking information or statements within the
meaning of applicable securities laws. Readers are cautioned that
actual results are subject to a number of risks and uncertainties,
including risks relating to general economic conditions and mining
and retail operations, and could differ materially from what is
currently expected. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
DATASOURCE: Aber Diamond Corporation CONTACT: Robert A. Gannicott,
Chairman, and Chief Executive Officer, (416) 362-2237; Amir Kalman,
Director, Investor Relations, (416) 362-2237 (ext. 244)
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