Brief: Biesse SpA Says Agreement Signed For Acquisition Of GMM Finance S.R.L

Biesse

21/12/2023 23:33

Dec 21 (Reuters) - Biesse SpA  BSS.MI :
    * - AGREEMENT SIGNED FOR ACQUISITION OF GMM FINANCE S.R.L
    * PROVISIONAL VALUE OF DEAL OF ABOUT 72 MILLION EUROS
(EQUITY
VALUE), WILL BE PAID BY CASH AT CLOSING DATE
    * SELLERS ARE CONSILIUM PRIVATE EQUITY FUND III WITH A 75%
HOLDING, AND FGL HOLDING S.R.L. WITH A 25% HOLDING
    * EQUITY VALUE HAS BEEN DETERMINED CONSIDERING NET FINANCIAL
DEBT
STARTING FROM AN ENTERPRISE VALUE OF 86.5 MILLION EUROS

Source text for Eikon:  ID:nINFQT3Q2 
Further company coverage:  BSS.MI 

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