Nordic Business Report-September 15, 2006-Tomra Systems ASA signs NOK500m revolving bank loan agreement
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The Norwegian reverse vending machines maker Tomra Systems ASA said on Thursday (14 September) that it has signed a NOK500m revolving bank loan agreement.
The five-year agreement will be used to finance a buy-back of own shares, authorised in May.
The board of Tomra Systems plans to ask for a new authorisation to buy back a further 10m shares for use in the financing of future acquisitions.
One Norwegian krone (NOK) is worth approximately 0.08 British pounds (GBP).
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