Brief: Betterware De Mexico To Acquire Jafra's Operations In Mexico And The United States

Betterware de Mexico S.A.P.I.

18/01/2022 21:06

Jan 18 (Reuters) - Betterware de Mexico SAB de CV  BWMX.O :
    * BETTERWARE DE MEXICO TO ACQUIRE JAFRA'S OPERATIONS IN
MEXICO AND
THE UNITED STATES
    * BETTERWARE DE MEXICO SAB DE CV - DEAL FOR TOTAL CASH
CONSIDERATION OF US$255 MILLION, EQUIVALENT TO PS. 5,355
MILLION, ON A DEBT-FREE, CASH-FREE BASIS
    * BETTERWARE DE MEXICO SAB DE CV - EXPECTS ACQUISITION TO BE
HIGHLY ACCRETIVE IN FIRST YEAR
    * BETTERWARE DE MEXICO SAB DE CV - DEAL IS EXPECTED TO ADD
ABOUT
US$0.341/SHARE TO EPS IN 2022E
    * BETTERWARE DE MEXICO SAB DE CV - DEAL EXPECTED TO BE
FUNDED
THROUGH COMBINATION OF US$225 MILLION DEBT FINANCING AND US$30
MILLION OF EXISTING CASH ON HAND
    * BETTERWARE DE MEXICO SAB DE CV - JAFRA WILL OPERATE AS
SEPARATE
SUBSIDIARY WITH MANAGEMENT TEAM REMAINING FOCUSED ON ITS
OPERATIONS, GROWTH STRATEGIES

Source text for Eikon:  ID:nPn7NSGnba 
Further company coverage:  BWMX.O 

 ((Reuters.Briefs@thomsonreuters.com;))