Brief: Bewi Acquires Recycling Company Berga Recycling

Bewi ASA

10/06/2022 13:10

June 10 (Reuters) - Bewi ASA  BEWI.OL :
    * BEWI LEADS THE CHANGE TOWARDS A CIRCULAR INDUSTRY THROUGH
THE
ACQUISITION OF THE RECYCLING COMPANY BERGA RECYCLING
    * ACQUIRES BERGA RECYCLING INC., A WORLD LEADER IN PURCHASE
AND
SALE OF MATERIALS FOR RECYCLING.
    * FOR 2021, BERGA HAD SALES REVENUES OF APPROXIMATELY CAD 43
MILLION (APPROXIMATELY EUR 31.0 MILLION)
    * CONSIDERATION FOR 100 PER CENT OF SHARES OF BERGA
RECYCLING INC.
WILL BE SETTLED IN CASH
    * FOR 2021, BERGA HAD EBITDA MARGIN OF APPROXIMATELY 10 PER
CENT.
    * CONSIDERATION IS JUST ABOVE BEWI'S HISTORICAL M&A RANGE OF
AN
EV/ EBITDA MULTIPLE OF 5 TO 7

Source text for Eikon:  ID:nWkrXjwFw 
Further company coverage:  BEWI.OL 

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