Brief: Basic-Fit Intends To Acquire 47 Spanish Clubs Of RSG Group

Basic-Fit

22/12/2023 06:13

Dec 22 (Reuters) - BASIC FIT  BFIT.AS :
    * SAID ON THURSDAY IT INTENDS TO ACQUIRE 47 SPANISH CLUBS OF
RSG
GROUP
    * ACQUISITION IS EXPECTED TO DELIVER A ROIC OF AT LEAST 30%
IN
2026
    * BANK SYNDICATE INCREASED COMMITMENT BY €110 MILLION
THROUGH RCF
ACCORDION TO FINANCE ACQUISITION AND PROVIDE BASIC-FIT WITH
CONTINUED AMPLE FINANCIAL LIQUIDITY
    * ACQUISITION IS EXPECTED TO BE ACCRETIVE TO UNDERLYING
EARNINGS
AS OF 2024
    * ACQUISITION IS EXPECTED TO BE COMPLETED IN Q1 2024
    * INTEGRATION OF THE CLUBS IS EXPECTED TO BE COMPLETED IN
2024

        
 Source text: shorturl.at/ikMY6 
 Further company coverage:  BFIT.AS  

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