Brief: ​​​​​​​KAP AG Announces Advanced Negotiations For Acquisition Of Haogenplast

Kap AG

14/12/2021 17:20

Dec 14 (Reuters) - KAP AG  IURG.DE :
    * ADVANCED NEGOTIATIONS FOR ACQUISITION OF HAOGENPLAST LTD.
    * IS IN ADVANCED NEGOTIATIONS WITH OWNERS ABOUT ACQUISITION
OF
100% OF SHARES IN HAOGENPLAST LTD. TO STRENGTHEN AND FURTHER
EXTEND KAP'S FLEXIBLE FILMS SEGMENT
    * PURCHASE PRICE (ENTERPRISE VALUE) FOR HAOGENPLAST LTD.
WILL BE
AROUND ILS 150 MILLION (AROUND EUR 43 MILLION) AT CLOSING
    * RESULTS IN EXPECTED MULTIPLE OF AROUND 4.8X ON EXPECTED
EBITDA
FOR 2021 (WITHOUT ANY EXPECTED SYNERGIES)
    * PLANNED ACQUISITION DEPENDS, AMONGST OTHERS, ON SIGNING OF
SPA
WHICH IS EXPECTED TO BE CONCLUDED BY END OF THIS YEAR

Source text for Eikon:  ID:nEQ3vy3C7a 
Further company coverage:  IURG.DE 

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