Brief: Aramis Group Acquires Onlinecars

Aramis SA

27/06/2022 17:50

June 27 (Reuters) - Aramis Group SAS  ARAMI.PA :
    * ACQUISITION OF ONLINECARS, THE AUSTRIAN MARKET LEADER FOR
REFURBISHED VEHICLE SALES
    * OPERATION ENTIRELY FINANCED THROUGH AN INCREASE IN CREDIT
LINES
MADE AVAILABLE TO ARAMIS GROUP BY STELLANTIS, WHICH IS
CONTINUING TO PROVIDE STRONG SUPPORT FOR GROUP'S DEVELOPMENT
    * NEW COMBINED STRUCTURE TO ACHIEVE FULL-YEAR REVENUES OF
CLOSE TO
EUR 2 BILLION PRO FORMA IN 2022
    * ACQUISITION OF ONLINECARS WILL OPEN UP A NUMBER OF
OPERATIONAL
SYNERGIES WITH ARAMIS GROUP AND EXTENSIVE OPPORTUNITIES FOR
SHARING EXPERIENCE, AS ACHIEVED WITH GROUP'S PREVIOUS
ACQUISITIONS
    * ONLINECARS IS EXPECTED TO BE CONSOLIDATED BY ARAMIS GROUP
FROM
START OF ITS 2022-23 FISCAL YEAR
    * EARNOUT MECHANISMS HAVE BEEN PUT IN PLACE ACCORDINGLY,
WITH A
TIMEFRAME OF END OF 2024 CALENDAR YEAR
    * BASED ON BUSINESS GUIDANCE FOR CURRENT FY, PRO FORMA FOR
ONLINECARS' REVENUES, ARAMIS GROUP'S FUTURE SCOPE WILL MOVE
TOWARDS MILESTONE OF EUR 2 BILLION OF REVENUES PER YEAR

Source text for Eikon:  ID:nGNE7rKHP8 
Further company coverage:  ARAMI.PA 

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