Brief: Unieuro To Buy 100% Of Covercare

Unieuro SpA

17/10/2023 06:11

Oct 17 (Reuters) - Unieuro SpA  UNIR.MI :
    * UNIEURO STRENGTHENS SERVICES AREA WITH ACQUISITION OF COVERCARE
    * PURCHASE PRICE FOR 100% OF SHARE CAPITAL IS SET AT EUR 60 MILLION
    * EARN-OUT UP TO EURO 10  MILLION, TO BE SETTLED ON ACHIEVEMENT OF SPECIFIC
EBITDA
TARGET IN FY 2025/26
    * COVERCARE GROUP IS A LEADING PLAYER IN ITALY IN THE REPAIR SERVICE MARKET
OF
MOBILE  PHONES, OTHER PORTABLE DEVICES, AND HOUSEHOLD APPLIANCES.
    * UNIEURO TO FUND TRANSACTION THROUGH A MIX OF AVAILABLE CASH, TERM BANK
LOANS
    * CLOSING EXPECTED BY END OF APRIL 2024


Further company coverage:  UNIR.MI 

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