Brief: Carel Industries To Acquire 51% Of CFM Soğutma Ve Otomasyon

Carel Industries SpA

06/05/2021 06:39

May 6 (Reuters) - Carel Industries SpA  CRLI.MI :
    * SIGNS A BINDING AGREEMENT TO ACQUIRE 51% OF THE SHARE
CAPITAL OF
CFM SOĞUTMA VE OTOMASYON A.Ş.
    * ENTERPRISE VALUE OFACQUISITION OF 51% OF CFM IS 23.1
MILLION
EUROS
    * ACQUISITION BY CAREL OF REMAINING 49% OF CFM IS GOVERNED
BY A
CROSS-OPTION MECHANISM BETWEEN PARTIES, EXERCISABLE BETWEEN 2024
AND 2027
    * CAREL IS EXPECTED TO USE AVAILABLE FINANCIAL RESOURCES TO
PAY
FOR ACQUISITION
    * CLOSING EXPECTED BY THE END OF JULY 2021

Source text for Eikon:  ID:nBIA9ShL5f 
Further company coverage:  CRLI.MI 

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