Brief: Endúr To Acquire Repstad Anlegg Based On An Enterprise Value On Cash- And Debt-Free Basis Of NOK 315 Mln

Endur ASA

07/11/2023 05:27

Nov 7 (Reuters) - Endur ASA  ENDUR.OL :
    * ENDÚR TO ACQUIRE REPSTAD ANLEGG
    * TRANSACTION IS BASED ON AN ENTERPRISE VALUE ON CASH- AND
DEBT-FREE BASIS («EV») OF NOK 315 MILLION
    * : REPSTAD CURRENTLY HAS A WELL DIVERSIFIED FIRM BACKLOG OF
NOK
ABOUT 475 MILLION
    * ACQUISITION IS FULLY FINANCED WITH NOK 100 MILLION 3-YEAR
TERM
LOAN
    * : TRANSACTION IS EXPECTED TO BE COMPLETED BY EARLY
DECEMBER AND
IS SUBJECT TO APPROVAL FROM NORWEGIAN COMPETITION AUTHORITY
    * TRANSACTION'S IMPLIED MULTIPLES AND ACCRETIVE EFFECT ON
EPS
PROVIDES A STRONG FINANCIAL CASE FOR ENDÚR'S EXISTING
SHAREHOLDERS
    * TRANSACTION IS EXPECTED TO BE COMPLETED BY EARLY DECEMBER

Source text for Eikon:  ID:nObiPPdzfa 
Further company coverage:  ENDUR.OL 

 ((Reuters.Briefs@thomsonreuters.com;))