Brief: Visiomed Group Buys Smart Salem Medical Centre in Dubai

Klea Holding SA

06/08/2021 07:01

Aug 6 (Reuters) - VISIOMED GROUP  ALVMG.PA :
    * ANNOUNCED ON THURSDAY ACQUISITION OF SMART SALEM MEDICAL
CENTRE
IN DUBAI
    * BUYBACK OF 100% OF CAPITAL ON OVERALL VALUATION SLIGHTLY
HIGHER
THAN 4 TIMES NET PROFIT EXPECTED IN 2021
    * SMART SALEM TURNOVER OF MORE THAN EUR 13 MILLION AND NET
PROFITABILITY OF AROUND 50% TARGETED IN 2021
    * PAYMENT WILL BE SPREAD BETWEEN 2021 AND 2022
    * PART PAID IN VISIOMED SHARES GROUP WITH COMMITMENT TO
RETAIN
SECURITIES FOR AT LEAST 12 MONTHS
    * ACQUISITION WILL BECOME FINAL SHOULD TAKE PLACE IN COMING
DAYS
    * SMART SALEM WILL BE CONSOLIDATED IN ACCOUNTS OF VISIOMED
GROUP
FROM DATE OF FINAL ACQUISITION

    
 Source text for Eikon:  ID:nNDL551mNC 
 Further company coverage:  ALVMG.PA  

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