Brief: DSM Agrees Terms To Acquire Postbiotics Pioneer Adare Biome

Koninklijke DSM NV

19/04/2023 07:06

April 19 (Reuters) - Koninklijke DSM NV  DSMN.AS :
    * DSM AGREES TERMS TO ACQUIRE POSTBIOTICS PIONEER ADARE
BIOME
    * THIS TRANSACTION REPRESENTS AN ESTIMATED 2023 EV/EBITDA
MULTIPLE
OF 18X
    * DEAL FOR AN ENTERPRISE VALUE OF EUR 275 MILLION
    * DSM ANTICIPATES BEING ABLE TO RAPIDLY EXTEND AVAILABILITY
OF
ADARE BIOME'S LACTÉOL® FOR PEOPLE THROUGH ITS B2C UNIT, I-HEALTH
    * TRANSACTION REMAINS SUBJECT TO CONSULTATION OF WORKERS
COUNCIL
AND CUSTOMARY REGULATORY CONDITIONS

Source text for Eikon:  ID:nPrewzXBLa 
Further company coverage:  DSMN.AS 

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