Brief: GPI Spa Says Agreement Reached For The Acquisition Of The French Group Evolucare

Gpi

29/06/2023 18:25

June 29 (Reuters) - GPI SpA  GPI.MI :

    * GPI AGREEMENT REACHED FOR THE ACQUISITION OF THE FRENCH
GROUP
EVOLUCARE
    * GPI-AGREED PRICE FOR ACQUISITION OF ABOUT 96.58% OF
EVOLUCARE IS
AROUND EUR 109 MILLION BASED ON AN EQUITY VALUE FOR 100% OF
FULLY DILUTED SHARE CAPITAL
    * TRANSACTION WILL ALLOW GPI GROUP TO SIGNIFICANTLY EXPAND
ITS
INTERNATIONAL PRESENCE IN PARTICULAR IN SOFTWARE SBA
    * GPI SPA- DEAL WILL CONSIDERABLE INCREASE IN REVENUES AND
EBITDA
IN ITS SOFTWARE AREA, RESPECTIVELY BY 26% AND 35% BASED ON
PRO-FORMA 2022 FIGURES
    * GPI WILL RETAIN A STAKE OF APPROXIMATELY 93.78%, WHILE
EVOLUCARE
GROUP'S SENIOR MANAGEMENT WILL HOLD A TOTAL STAKE OF 6.22%
    * PRICE FOR ACQUISITION OF MAJORITY SHAREHOLDING WILL BE
PAID IN
FULL IN CASH AT CLOSING

Source text for Eikon:  ID:nINF6BpLLX 
Further company coverage:  GPI.MI 

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