Brief: Sanlorenzo To Buy Nautor Swan Group From Sawa

Sanlorenzo SpA

01/08/2024 07:00

Aug 1 (Reuters) - Sanlorenzo SpA  SNL.MI :
    * SIGNS  BINDING AGREEMENT WITH SAWA FOR THE ACQUISITION OF
NAUTOR
SWAN GROUP
    * TO PURCHASE FROM SAVA 100% OF NAUTOR SWAN GROUP IN TWO
TRANCHES
    * 60% AT FIRST CLOSING, FOR EUR 48.5 MILLION, EQUIVALENT TO
PRO-RATA OF AGREED EQUITY VALUE OF 80.9
    * 40% TO BE SOLD BY APRIL 30,2028 VALUED AT  THE HIGHER OF
THE
FIRST CLOSING EQUITY VALUE AND THE EQUITY VALUATION RESULTING
FROM 9X EV/EBITDA MULTIPLE.

Further company coverage:  SNL.MI 

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