Brief: Logista Reaches Deal To Buy 60% Of Transportes El Mosca For Up To 106 Mln Euros

Logista Integral SA

17/06/2022 07:20

June 17 (Reuters) - Compania de Distribucion Integral
Logista Holdings SA  LOG.MC :
    * ACQUIRES 60% OF TRANSPORTES EL MOSCA, SPANISH COMPANY
SPECIALISED IN TRANSPORT AND WAREHOUSING OF GOODS
    * AGREEMENT REACHED CONTEMPLATES PURCHASE OF 60% OF CAPITAL
OF
COMPANY, WHICH WILL BE PAID WITH CASH, FOR A MAXIMUM PRICE OF
106 MILLION EUROS
    * ACQUISITION OF REMAINING 40% WILL BE OVER THE COURSE OF
THE NEXT
THREE YEARS
    * NET FINANCIAL DEBT AT THE END OF 2021 AMOUNTED TO ABOUT 23
MILLION EUROS
    * CLOSING OF THE TRANSACTION IS EXPECTED TO OCCUR AROUND
SEPTEMBER/OCTOBER 2022
    * EXPECTS TO OBTAIN SYNERGIES BY COMBINING WITH ITS
DIFFERENT
BUSINESSES

Source text for Eikon:  ID:nCNM2PgcXn 
Further company coverage:  LOG.MC 

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