Brief: Netcompany To Acquire Intrasoft International S.A.

Netcompany A/S

08/10/2021 06:33

Oct 8 (Reuters) - Netcompany Group A/S  NETCG.CO :
    * REG-NETCOMPANY - NETCOMPANY TO ACQUIRE INTRASOFT
INTERNATIONAL
S.A.
    * CLOSING OF TRANSACTION IS EXPECTED TO TAKE PLACE DURING Q4
2021
AND IS CONDITIONAL UPON CERTAIN SEPARATION ACTIVITIES.
    * FINANCIAL IMPACT OF ACQUISITION FOR NETCOMPANY IN 2021 IS
SUBJECT TO EXACT TIMING OF CLOSING OF TRANSACTION AND WILL BE
COMMUNICATED AT COMPLETION.
    * ACQUISITION OF INTRASOFT PROVIDES A STRONG FOOTHOLD FOR
DIGITALISATION TO TAKE PLACE IN EUROPE IN NEXT 5-10 YEARS.
    * TRANSACTION VALUE OF EUR 235 MILLION (DKK 1.75 BILLION) IS
TO BE
SETTLED WITH SELLERS AS A COMBINATION OF CASH (BEFORE ADJUSTMENT
FOR NET DEBT) OF EUR 217 MILLION (DKK 1.62 BILLION) AND SHARES
OF EUR 18 MILLION (DKK 134 MILLION)
    * CASH CONSIDERATION IS FUNDED BY WAY OF UTILISING CURRENT
CREDIT
FACILITIES WHICH ARE INCREASED BY DKK 1.2 BILLION IN FORM OF A
BRIDGE FINANCING FACILITY
    * A RE-FINANCING IS CONTEMPLATED IN 2022
    * TRANSACTION VALUE IS EUR 235 MILLION ON A DEBT-FREE BASIS
(ENTERPRISE VALUE).

Source text for Eikon:  ID:nGNE76DGbZ 
Further company coverage:  NETCG.CO 

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