Brief: Bonduelle Enters Into Exclusive Negotiations With Fonds De Solidarite FTQ And CDPQ For Disposal Of 65% Of Bonduelle Americas Long Life

Bonduelle SA

24/05/2022 17:25

May 24 (Reuters) - Bonduelle SA  BOND.PA :
    * REG-BONDUELLE ENTERS INTO EXCLUSIVE NEGOTIATIONS WITH THE
FONDS
DE SOLIDARITé FTQ AND CAISSE DE DéPôT ET PLACEMENT DU QUéBEC
(CDPQ) FOR THE DISPOSAL OF 65% OF BONDUELLE AMERICAS LONG LIFE
    * DEAL BASED ON A 100% ENTERPRISE VALUE OF C$ 850 MILLION
(APPROXIMATELY EUR 625 MILLION), REPRESENTING A 2020-2021 EBITDA
MULTIPLE OF 8.2X
    * UNIT GENERATED REVENUE OF C$ 943 MILLION FOR FINANCIAL
YEAR
2020-2021
    * CLOSING OF TRANSACTION COULD TAKE PLACE A FEW WEEKS AFTER
INFORMATION-CONSULTATION OF EMPLOYEE REPRESENTATIVE BODIES,
SUBJECT TO AUTHORISATIONS

Source text for Eikon:  ID:nGNE6Hg6rK 
Further company coverage:  BOND.PA 

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