Brief: Altamir Announces Sale Of ECi Software Solutions

Altamir Sca

20/11/2020 16:44

Nov 20 (Reuters) - ALTAMIR SCA  ALMP.PA :
    * SALE OF ECI SOFTWARE SOLUTIONS, THAT WAS HELD VIA APAX IX
LP
FUND
    * TRANSACTION SHOULD BE FINALISED IN DECEMBER 2020
    * THE TRANSACTION REPRESENTS FOR ALTAMIR A MULTIPLE OF
APPROXIMATELY 4.2X ITS COST PRICE
    * UPLIFT REALISED ON THIS SALE IS 18% COMPARED TO THE
VALUATION OF
THE STAKE AT JUNE 30

Source text for Eikon:  ID:nACT66227 
Further company coverage:  ALMP.PA 

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