Brief: Logista Closes Acquisition Of 60% Of Transportes El Mosca For 98.2 Mln Euros

Logista Integral SA

28/10/2022 16:52

Oct 28 (Reuters) - Compania de Distribucion Integral Logista Holdings SA  LOG.MC :
    * COMPANY ANNOUNCES CLOSING OF THE ACQUISITION OF TRANSPORTES EL MOSCA
    * FORMALIZED ACQUISITION OF 60% OF  EL MOSCA GROUP, THROUGH ACQUISITION OF ITS PARENT
COMPANY
HERINVEMOL
    * TOTAL PAYMENT, AMOUNTING TO 98.2 MILLION EUROS, HAS BEEN FULLY PAID WITH CASH
    * ACQUISITION OF 60% OF THE SHARE CAPITAL VALUED AT 83.2 MILLION EUR IN ADDITION TO ADVANCE
PAYMENT OF 15 MILLION EUROS FINAL CONSOLIDATION OF WHICH WILL DEPEND ON FULFILLMENT OF FUTURE
OBJECTIVES
    * PROFORMA NET FINANCIAL DEBT AMOUNTS TO 32.7 MILLION EUROS
    * AGREEMENT REACHED CONTEMPLATES THE ACQUISITION OF THE REMAINING 40% IN THE NEXT THREE
YEARS
    * THE PROFORMA EBITDA IN FISCAL YEAR 2021 AMOUNTED TO 26.6 MILLION EUROS

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Further company coverage:  LOG.MC 
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