Brief: Bonduelle To Sell 65% Of Bonduelle Americas Long Life

Bonduelle SA

30/06/2022 17:24

June 30 (Reuters) - BONDUELLE SA  BOND.PA :
    * BONDUELLE ANNOUNCES THE SALE OF 65% OF BONDUELLE AMERICAS
LONG
LIFE TO THE FONDS DE SOLIDARITÉ FTQ AND CDPQ
    * NET PROCEEDS FROM SALE WILL BE DETERMINED ON BASIS OF
FINANCIAL
STATEMENTS AS OF DATE OF TRANSACTION, WHICH ARE CURRENTLY BEING
PREPARED, AND WILL BE RECORDED IN BONDUELLE GROUP'S FINANCIAL
STATEMENTS FOR YEAR ENDING JUNE 30, 2022
    * THIS OPERATION WILL ENABLE GROUP TO CONTINUE TO DEPLOY ITS
ACTIVITIES, PARTICULARLY IN BRANDS, IN LINE WITH ITS STRATEGIC
PRIORITIES AND ITS AMBITION OF SUSTAINABLE GROWTH WITH POSITIVE
IMPACT
    * ACQUISITION, IN EQUAL SHARES BETWEEN THEM, OF 65% OF
BONDUELLE
AMERICAS LONG LIFE (BALL) AND ON BASIS OF AN ENTERPRISE VALUE AT
100% OF 850 MILLION CANADIAN DOLLARS (APPROXIMATELY 625 MILLION
EUROS), OR AN EBITDA MULTIPLE FOR 2020-2021 OF 8.2X

Source text for Eikon:  ID:nGNX8JYW81 
Further company coverage:  BOND.PA 

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