Brief: Arbonia Buys CICSA Industriales Del Calor

Arbonia AG

31/03/2021 06:05

March 31 (Reuters) - ARBONIA AG  ARBNO.S :
    * HVAC DIVISION STRENGTHENS SALES POSITION IN SPAIN AND
PORTUGAL
    * ARBONIA IS ACQUIRING SPANISH MARKET LEADER IN DISTRIBUTION
OF
DESIGNER RADIATORS AND BATHROOM RADIATORS, CICSA INDUSTRIALES
DEL CALOR S.L. (CICSA)
    * AGREED PURCHASE PRICE CORRESPONDS TO AN EV/REVENUE
MULTIPLE OF
ABOUT 1X
    * SIGNING AND CLOSING OF CONTRACT TOOK PLACE ON 30 MARCH
2021

Source text for Eikon:  ID:nEQ5JW73Ya 
Further company coverage:  ARBNO.S 

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