Brief: Verallia Enters Into Agreement To Acquire Vidrala's Glass Business In Italy

Vidrala SA

28/02/2024 07:34

Feb 28 (Reuters) - Verallia SA  VRLA.PA :
    * VERALLIA HAS ENTERED INTO AN AGREEMENT TO ACQUIRE
VIDRALA'S
GLASS BUSINESS IN ITALY
    * VIDRALA'S ITALIAN SUBSIDIARY OPERATES FROM ONE PRODUCTION
SITE
IN CORSICO NEAR MILAN, WITH TWO FURNACES. IN 2023, COMPANY
GENERATED REVENUE OF EUR 131 MILLION AND EBITDA OF EUR 33
MILLION.
    * THIS TRANSACTION REFLECTS VERALLIA'S WILLINGNESS TO
FURTHER
INVEST IN A STRATEGIC AND GROWING MARKET AND REINFORCE ITS GLASS
CONTAINER OFFERING FOR FOOD AND BEVERAGE INDUSTRY IN ITALY FOR
BENEFIT OF ALL ITS CUSTOMERS.
    * GROUP AIMS TO COMPLETE ACQUISITION BETWEEN SECOND AND
THIRD
QUARTERS OF 2024.
    * CONSIDERATION FOR TRANSACTION AMOUNTS TO EUR 230 MILLION
IN
ENTERPRISE VALUE AND WILL BE FINANCED BY EXTERNAL DEBT
    * CONSIDERATION FOR TRANSACTION AMOUNTS TO EUR 230 MILLION
IN
ENTERPRISE VALUE AND WILL BE FINANCED BY EXTERNAL DEBT.

Source text for Eikon:  ID:nBwb44fPja 
Further company coverage:  VRLA.PA 

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