Brief: NHOA's Atlante Acquires KLC In Portugal

Nhoa SA

16/12/2022 07:06

Dec 16 (Reuters) - NHOA SA  NHOA.PA :
    * ATLANTE ACQUIRES KLC IN PORTUGAL
    * ATLANTE ANNOUNCES THE ACQUISITION IN PORTUGAL OF A
MAJORITY
STAKE OF 60% IN KILOMETER LOW COST S.A., WITH THE POSSIBILITY OF
INCREASING THE 60% INITIALLY ACQUIRED TO 100% BY 2024
    * INITIAL TRANSACTION WILL INVOLVE 60% OF THE SHARES OF KLC
REPRESENTING A CAPITAL CONSIDERATION FOR THE SELLERS OF
APPROXIMATELY 4.5 MILLION EUROS
    * ATLANTE WILL HAVE AN OPTION TO ACQUIRE THE REMAINING 40%
BY 2024
IN RETURN FOR A PORTION OF THE CAPITAL RANGING FROM 1.7 MILLION
EUROS TO 6.7 MILLION EUROS, DEPENDING ON THE COMPLETION OF
SPECIFIC OBJECTIVES IN 2023
    * THIS ACQUISITION WILL ALLOW ATLANTE TO POSITION ITSELF AS
A
MAJOR PLAYER IN THE IBERIAN PENINSULA AND A FURTHER STEP TOWARDS
ACHIEVING ITS AMBITION OF OPERATING LARGEST FAST AND ULTRA-FAST
CHARGING NETWORK IN SOUTHERN EUROPE

Source text for Eikon:  ID:nBw9pQNr9a 
Further company coverage:  NHOA.PA 
 (Gdansk Newsroom)
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