Brief: Sonae's Unit Sparkfood Makes Offer And Enters In Exclusive Negotiations To Buy 89% Of Diorren For 152 Mln Euros

Sonae SGPS SA

05/02/2024 07:34

Feb 5 (Reuters) - Sonae SGPS SA  YSO.LS :
    * INFORMS ON IRREVOCABLE OFFER AND EXCLUSIVE NEGOTIATIONS
FOR THE
PLANNED ACQUISITION, BY ITS SUBSIDIARY SPARKFOOD, OF A C.89%
STAKE IN DIORREN
    * TOTAL CONSIDERATION OF 152 MILLION EUROS, ON A CASH/DEBT
FREE
BASIS
    * SONAE EXPECTS CLOSING OF TRANSACTION TO OCCUR IN FIRST
HALF OF
2024
    * AFTER TRANSACTION IS EXECUTED, BCF WILL CONTINUE TO BE
MANAGED
BY ITS CURRENT MANAGEMENT TEAM, WHO ALSO PLANS TO REINVEST IN
DIORREN, AND IN AGGREGATE, SHOULD HOLD MINORITY STAKE OF C.11%

Source text: http://tinyurl.com/ywupydx6
Further company coverage:  YSO.LS 

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