Brief: Emmi Enters Into A Put Option Agreement For Mademoiselle Desserts And Confirms FY Guidance

Emmi AG

05/07/2024 06:05

July 5 (Reuters) - Emmi AG  EMMN.S :
    * EMMI HAS ENTERED INTO A PUT OPTION AGREEMENT FOR
MADEMOISELLE
DESSERTS WITH THE OBJECTIVE OF STRENGTHENING ITS STRATEGIC
PREMIUM DESSERT BUSINESS
    * COMPLETION OF TRANSACTION REMAINS SUBJECT TO CONSULTATION
OF
RELEVANT EMPLOYEE REPRESENTATIVE BODIES OF MADEMOISELLE DESSERTS
AND APPROVAL BY RELEVANT COMPETITION AUTHORITIES AND REGULATORY
AUTHORITIES
    * EMMI WOULD ACQUIRE MADEMOISELLE DESSERTS GROUP FOR AN
ENTERPRISE
VALUE OF AROUND EUR 900 MILLION
    * EMMI CONFIRMS ITS GUIDANCE FOR FULL-YEAR 2024 FOR CURRENT
BUSINESS
    * INFORMATION AND CONSULTATION OF RELEVANT EMPLOYEE
REPRESENTATIVE
BODIES OF MADEMOISELLE DESSERTS WILL BEGIN SHORTLY
    * EMMI CONFIRMS ITS MEDIUM-TERM GUIDANCE AND ITS DIVIDEND
POLICY
    * EMMI CONFIRMS ITS GUIDANCE FOR FULL-YEAR 2024 FOR CURRENT
BUSINESS AND IS ALSO CONFIRMING ITS MEDIUM-TERM GUIDANCE AND ITS
DIVIDEND POLICY
    * INTENDS TO FINANCE CONTEMPLATED ACQUISITION MAINLY THROUGH
NEW
DEBT AS WELL AS SURPLUS LIQUID FUNDS

Source text for Eikon:  ID:nEQ7bz6rja 
Further company coverage:  EMMN.S 

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