Brief: DFDS Says Entered Into An Agreement To Acquire FRS Iberia/Maroc

Dfds A/S

17/09/2023 17:20

Sept 17 (Reuters) - DFDS AS  DFDS.CO :
    * REG-DFDS EXPANDS FERRY NETWORK TO STRAIT OF GIBRALTAR
    * ACQUISITION OF FRS IBERIA/MAROC
    * DFDS ACQUIRES FRS IBERIA/MAROC FOR A DEBT-FREE PRICE EQUAL
TO AN
EV/EBITDA MULTIPLE OF 6X BASED ON EXPECTED EBITDA FOR 2023
    * TRANSACTION WILL BE FINANCED BY A COMBINATION OF LOAN
FINANCING
AND USE OF EXISTING CASH FUNDS
    * TRANSACTION IS EXPECTED TO BE ROIC ACCRETIVE VERSUS
CURRENT
RETURN LEVEL AND TO BE ACCRETIVE TO EARNINGS PER SHARE (EPS)
FROM CLOSING
    * TRANSACTION IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON
DFDS'
REVENUE OR EARNINGS IN 2023

Source text for Eikon:  ID:nGNE58glYV 
Further company coverage:  DFDS.CO 

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