Brief: Midsona To Acquire Alimentation Santé

Midsona AB

23/07/2019 10:16

July 23 (Reuters) - Midsona AB  MSONb.ST :
    * MIDSONA TO ACQUIRE FRENCH/SPANISH ALIMENTATION SANTÉ
    * MIDSONA TO ACQUIRE FRENCH/SPANISH ALIMENTATION SANTÉ
    * TOTAL PURCHASE PRICE IS EUR 57.5 MILLION (SEK 604
MILLION 1 ),
ON A DEBT-FREE/CASH-FREE BASIS.
    * MIDSONA WILL FINANCE TRANSACTION WITH A BRIDGE LOAN AND
PLANS TO
COMPLETE A SHARE RIGHTS ISSUE OF UP TO SEK 600 MILLION LATER
THIS YEAR.
    * ACQUISITION STRENGTHENS MIDSONA'S PRESENCE IN ORGANIC AND
PLANT-BASED FOOD AND PROVIDES NEW AND UNIQUE CAPABILITIES IN
ATTRACTIVE SEGMENTS INCLUDING PLANT-BASED MEAT ALTERNATIVES
    * SYNERGIES ARE EXPECTED TO HAVE AN ANNUAL IMPACT OF AROUND
EUR 2
MILLION (SEK 21 MILLION) BY 2021

Source text for Eikon:  ID:nWkr1xK247 
Further company coverage:  MSONb.ST 

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