Brief: Vossloh Says It Intends To Expand Its Product Portfolio In Europe By Acquiring Concrete Tie Specialist Sateba

Vossloh AG

30/07/2024 22:40

July 30 (Reuters) - Vossloh AG  VOSG.DE :
    * EQS-ADHOC: VOSSLOH AKTIENGESELLSCHAFT: VOSSLOH INTENDS TO
EXPAND
ITS PRODUCT PORTFOLIO IN EUROPE BY ACQUIRING CONCRETE TIE
SPECIALIST SATEBA
    * VOSSLOH AG: ENTERPRISE VALUE FOR ACQUISITION OF COMPANY IS
EXPECTED TO BE EUR 450 MILLION
    * VOSSLOH AG - CONDITIONS FOR COMPLETION OF ACQUISITION ARE
EXPECTED TO BE MET IN SPRING 2025
    * VOSSLOH AG -  DEAL WILL HAVE POSITIVE IMPACT ON EARNINGS
PER
SHARE AND SUPPORTS ACHIEVEMENT OF CO'S LONG-TERM PROFITABILITY
TARGETS
    * VOSSLOH AG: DEAL WILL BE FINANCED BY MEANS OF BRIDGE
FINANCING
AND A LONG-TERM LOAN
    * VOSSLOH AG - ALSO INTENDS TO FINANCE TRANSACTION THROUGH A
CAPITAL INCREASE EXCLUDING SUBSCRIPTION RIGHTS OF NO MORE THAN
10% OF CURRENT SHARE CAPITAL

Source text for Eikon:  ID:nEQ8Nxvq8a 
Further company coverage:  VOSG.DE 

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