Brief: CIR Says Unit KOS And Inframedica Sign Deal To Transfer 100% Stake In Medipass To DWS

CIR - Compagnie Industriali Riunite

07/09/2020 08:04

Sept 7 (Reuters) - CIR SpA - Compagnie Industriali Riunite
 CIRI.MI :
    * KOS AND INFRAMEDICA SIGNS DEAL FOR TRANSFER OF 100% STAKE
IN
MEDIPASS TO DWS ALTERNATIVES GLOBAL LIMITED
    * BEFORE SALE, KOS TO BUY BACK FROM MEDIPASS ITS OWN INDIAN
SUBSIDIARIES CLEARMEDI HEALTHCARE PRIVATE AND CLEARVIEW
HEALTHCARE PRIVATE
    * INFRAMEDICA IS A COMPANY INDIRECTLY AND ENTIRELY
CONTROLLED BY
DWS ALTERNATIVES GLOBAL LIMITED
    * AGREED MEDIPASS ENTERPRISE VALUE (INDIAN ACTIVITIES
EXCLUDED) IS
EUR 169.2 MILLION AND EQUITY VALUE CAN BE ESTIMATED AT AROUND
EUR 103 MILLION
    * TRANSACTION WILL RESULT IN NET CAPITAL GAIN OF ABOUT EUR
50
MILLION FOR KOS, DEBT REDUCTION OF ABOUT EUR 160 MLN

Source text for Eikon:  ID:nBIA1lCxVk 
Further company coverage:  CIRI.MI 

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