Brief: Squirrel Media Acquires Grupo Ganga

Squirrel Media SA

21/12/2022 14:17

Dec 21 (Reuters) - Squirrel Media SA  SQRL.MC :
    * ACQUIRES GRUPO GANGA
    * OPERATION SIGNED TODAY, WHICH CONSISTS OF PURCHASE OF 51%
OF
SHARES OF DIFFERENT COMPANIES THAT MAKE UP THE GROUP, HAS
COMPLETION SCHEDULED FOR NEXT FEBRUARY
    * TRANSACTION ALSO INCLUDES ALL REAL ESTATE ASSETS CURRENTLY
OWNED
BY GANGA GROUP
    * FROM A FINANCIAL POINT OF VIEW, IT SHOULD BE NOTED THAT
ACQUIRED
COMPANIES HAVE A CLOSING FORECAST THIS YEAR 2022 OF ABOUT 27
MILLION EUROS OF TURNOVER AND AN EBITDA OF ABOUT 1.7 MILLION
    * ALL OF THE ACQUISITIONS DESCRIBED WILL BE FULLY FINANCED
BY
SQUIRREL MEDIA'S OWN FUNDS

Source text for Eikon:  ID:nCNM2GqdX7 
Further company coverage:  SQRL.MC 
 (Gdansk Newsroom)
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