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FDR - Fluidra SA News Story

€32.15 -0.5  -1.5%

Last Trade - 18/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £5.42bn
Enterprise Value £5.91bn
Revenue £1.30bn
Position in Universe 55th / 727

BRIEF-Fluidra To Buy Splash & Zen Business From Belgian Company Realco SA

Thu 25th March, 2021 7:22am
March 25 (Reuters) - Fluidra SA  FLUI.MC :
    * ITS UNIT MANUFACTURAS GRE SAU AGREED TO ACQUIRE SPLASH &
ZEN
BUSINESS FROM BELGIAN COMPANY REALCO SA
    * PURCHASE PRICE AGREED CONSISTED OF UPFRONT PAYMENT OF EUR
200,000 THAT HAS BEEN DEPOSITED ON ESCROW AT SIGNING AND FIXED
PAYMENT OF EUR 3.3 MILLION WHICH IS TO BE PAID AT CLOSING
    * THREE EARN-OUT PAYMENTS AGREED BETWEEN PARTIES FOR 10% OF
THE
SPLASH & ZEN BUSINESS' GROSS SALES EACH, OVER THE YEARS 2022,
2023 AND 2024
    * CLOSING OF TRANSACTION IS EXPECTED TO TAKE PLACE IN
SEPTEMBER
2021

Source text for Eikon:  ID:nCNM1Wzy6F 
Further company coverage:  FLUI.MC 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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