Brief: Reway To Buy 70% Of Se.Gi.

Reway SpA

16/10/2023 06:40

Oct 16 (Reuters) - Reway Group SpA  RWY.MI :
    * SAID ON FRIDAY HAD SIGNED DEAL TO BUY 70% OF SE.GI. FOR
EUR 64
MLN
    * ENTERPRISE VALUE OF TARGET COMPANY IS EUR 90 MLN
    * PUT AND CALL OPTION ON REMAINING 30% EXERCISABLE AFTER
APPROVAL
OF 2025 FINANCIAL STATEMENT 
    * EUR 47 MLN WILL BE PAID THROUGH LOAN, EUR 17 MLN THROUGH
OWN
RESOURCES
    * DEAL INCLUDES PRICE INTEGRATION AT CLOSING OF ABOUT
ADDITIONAL
EUR 47 MLN 
    * SE.GI. IS ACTIVE IN RAILWAY MAINTENANCE SECTOR

        
 Further company coverage:  RWY.MI  

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