Brief: Klöckner & Co Se To Acquire National Material Of Mexico

Kloeckner & Co SE

19/12/2022 17:33

Dec 19 (Reuters) - KLOECKNER & CO SE  KCOGn.DE :
    * KLÖCKNER & CO TO ACQUIRE NATIONAL MATERIAL OF MEXICO
    * PARTIES HAVE AGREED ON A CONSIDERATION OF USD 340 MILLION
ON A
CASH AND DEBT FREE BASIS
    * WITH AN ENTERPRISE VALUE MULTIPLE OF AROUND 6.7 BASED ON
EXPECTED 2022 EBITDA, THIS REPRESENTS A HIGHLY ATTRACTIVE AND
DIRECTLY VALUE-ACCRETIVE EXPANSION OF KLÖCKNER & CO'S ACTIVITIES
    * CLOSING OF TRANSACTION REQUIRES ANTITRUST APPROVALS AND IS
EXPECTED BEFORE SUMMER 2023

Source text for Eikon:  ID:nEQ2fWB9Ya 
Further company coverage:  KCOGn.DE 
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