Brief: HomeToGo Acquires Majority Stake In KMW Reisen GmbH And Super Urlaub GmbH

HomeToGo SE

16/12/2023 04:42

Dec 15 (Reuters) - HomeToGo SE  HTGG.DE :
    * EQS-ADHOC: HOMETOGO ACQUIRES MAJORITY STAKE IN KMW REISEN
GMBH
AND SUPER URLAUB GMBH
    * HOMETOGO SE SAYS HOMETOGO WILL HOLD A 51% MAJORITY STAKE
IN
COMBINED BUSINESS
    * HOMETOGO SE SAYS AGREED TO A CONSIDERATION PAID OF AROUND
EUR
31M, OF WHICH APPROXIMATELY EUR 6M WILL BE PAID WITH CLASS A
SHARES OF HOMETOGO SE
    * HOMETOGO SE SAYS IN CALENDAR YEAR 2023, ACQUIRED
BUSINESSES
EXPECT TO GENERATE UNAUDITED PRO-FORMA REVENUES OF AROUND EUR
30M
    * HOMETOGO SE SAYS SEES 2023 ADJUSTED EBITDA MARGIN OF MORE
THAN
25%

Source text for Eikon:  ID:nEQ5W06vta 
Further company coverage:  HTGG.DE 

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