Brief: Faes Farma To Buy Italy's SIFI For EV 270 Mln Euros
10/06/2025 17:41
June 10 (Reuters) - Faes Farma SA FAE.MC: SIGNS CONTRACT TO BUY SIFI DEAL FOR €270 MILLION ENTERPRISE VALUE DEAL FOR 100% SHARES OF SIFI, ITALIAN PHARMACEUTICAL CO SPECIALIZING IN OPHTHALMOLOGY TRANSACTION EXPECTED TO CLOSE IN Q3 2025 MAXIMUM AMOUNT OF EARN-OUTS WOULD BE IN TOTAL €50.5 MILLION SPREAD OVER SIX MILESTONES/PAYMENTS UNTIL 2041 POTENTIAL 30 MLN EURO PAYMENT FOR AKANTIOR'S US LAUNCH, PLUS TIERED PAYMENTS ON US NET SALES UNTIL PATENT EXPIRY OR LOSS OF EXCLUSIVITY TRANSACTION IS EXPECTED TO BE EPS ACCRETIVE IN 2026 TRANSACTION WILL BE FULLY FINANCED WITH DEBT DIVIDEND FOR 2024 REMAINS UNAFFECTED Source text: ID:nCNM3MNylh Further company coverage: FAE.MC (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))