Brief: Agfa Gevaert Entered Into Negotiations With Dedalus Holding S.P.A.

Agfa Gevaert NV

02/12/2019 07:35

Dec 2 (Reuters) - Agfa Gevaert NV  AGFB.BR :
    * TODAY, AGFA-GEVAERT GROUP ANNOUNCES THAT IT HAS ENTERED
INTO
EXCLUSIVE NEGOTIATIONS WITH DEDALUS HOLDING S.P.A. TO SELL A
PART OF ITS HEALTHCARE IT BUSINESS
    * IT IS EXPECTED THAT, UPON POSITIVE CONCLUSION OF THE
NEGOTIATIONS, THE TRANSACTION WILL BE COMPLETED IN THE COURSE 
OF Q2 2020
    * AS A RESULT OF THIS TRANSACTION, DEDALUS HOLDING S.P.A.
WOULD
ACQUIRE 100% OF BUSINESS AT AN ENTERPRISE VALUE OF 975 MILLION
EURO
    * THE EXPECTED SALE OF THE BUSINESS, WHICH GENERATES AROUND
260
MILLION EURO OF FULL YEAR REVENUES, WILL REPRESENT ANOTHER
MILESTONE IN OUR TRANSFORMATION PROCESS
    * IT IS OUR AMBITION TO GROW REVENUES AND RAISE THE EBITDA
MARGIN
PERFORMANCE OVER TIME FROM TODAY’S MID-SINGLE DIGIT PERCENTAGE
OF REVENUES TO A DOUBLE DIGIT LEVEL-CEO

Source text for Eikon:  ID:nGNE9Hw2Z2 
Further company coverage:  AGFB.BR 

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