Brief: Metex Signs Share Purchase Agreement With Ajinomoto

Ajinomoto Co

15/04/2021 06:45

April 15 (Reuters) - METABOLIC EXPLORER SA  METEX.PA :
    * SIGNATURE OF THE SHARE PURCHASE AGREEMENT (SPA) FOR THE
TRANSFER
OF 100% OF THE CAPITAL OF AJINOMOTO ANIMAL NUTRITION EUROPE
    * COMPLETION OF THE TRANSACTION EXPECTED IN THE COMING WEEKS
    * ACQUISITION PRICE FINANCED FROM EQUITY RESOURCES
    * ACQUISITION OF 100% OF AANE'S SHARES FOR THE TOTAL SUM OF
€15M
WILL BE PAID BY METEX FROM ITS OWN EQUITY IN TWO INSTALMENTS:
€8M UPON CLOSING AND €7M WITHIN 6 MONTHS OF CLOSING
    * IN THE MEDIUM TERM, THIS DIVERSIFICATION STRATEGY
BOLSTERED BY
GROWING MARKETS SHOULD GENERATE APPROXIMATELY €250M IN ANNUAL
REVENUE FOR AN EBITDA IN EXCESS OF 7%

Source text for Eikon:  ID:nACT68692 
Further company coverage:  METEX.PA 

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