Brief: Plastivaloire: MoU For Sale Of 100% Of Its Subsidiary Plastivaloire Germany GmbH

Plastiques du Val de Loire SA

06/08/2024 06:35

Aug 6 (Reuters) - Plastiques du Val de Loire SA
 PLVP.PA :
    * ON AUGUST 5 ANNOUNCED SIGNING OF A MEMORANDUM OF
UNDERSTANDING
FOR SALE OF 100% OF ITS SUBSIDIARY PLASTIVALOIRE GERMANY GMBH
    * SETTING UP A LOCAL PVL GERMANY FRONT OFFICE, WHICH WILL BE
OPERATIONAL AS OF THIS SUMMER
    * COMPANIES SOLD FOR A SYMBOLIC EUR1
    * WILL HAVE A ONE-OFF NEGATIVE ACCOUNTING IMPACT OF EUR30
MILLION
ON GROUP'S 2023-2024 NET INCOME
    * HAS UNDERTAKEN TO TAKE OVER EUR10 MILLION OF KARL HESS'S
EUR44.4
MILLION DEBT
    * CONSOLIDATED NET DEBT IS THUS REDUCED BY EUR34.4 MILLION
AS A
RESULT OF TRANSACTION
    * WILL HAVE AN ACCRETIVE IMPACT ON GROUP'S EBITDA MARGIN AS
FROM
NEXT FISCAL YEAR 2024-2025.

Source text for Eikon:  ID:nACT87224 
Further company coverage:  PLVP.PA 

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