Brief: Wienerberger Intends To Acquire Significant Part Of Terreal Group's Business

Wienerberger AG

20/12/2022 07:55

Dec 20 (Reuters) - Wienerberger Ag  WBSV.VI :
    * EQS-ADHOC: WIENERBERGER AG: WIENERBERGER INTENDS TO
ACQUIRE
SIGNIFICANT PART OF TERREAL GROUP'S BUSINESS
    * WIENERBERGER INTENDS TO ACQUIRE SIGNIFICANT PART OF
TERREAL
GROUP'S BUSINESS
    * TERREAL BUSINESSES LOCATED IN AUSTRIA, POLAND AND HUNGARY
WILL
NOT BE PART OF TRANSACTION.
    * TERREAL BUSINESSES TO BE ACQUIRED BY WIENERBERGER ARE
EXPECTED
TO GENERATE REVENUES OF EUR 740 MILLION AND A RUN-RATE EBITDA OF
APPROX. EUR 100 MILLION IN 2022
    * WIENERBERGER EXPECTS TO INCREASE SUCH EBITDA BY
IMPLEMENTING
OPERATIONAL EXCELLENCE, COST SYNERGIES AND CROSS SELLING TO UP
TO EUR 150 MILLION WITHIN THREE YEARS AFTER CLOSING
    * CLOSING IS EXPECTED TO OCCUR END OF 2023 / BEGINNING OF
2024,
SUBJECT TO MERGER-CONTROL CLEARANCE AND SATISFACTION OF OTHER
MARKET STANDARD CLOSING CONDITIONS
    * TRANSACTION WILL BE FINANCED FROM WIENERBERGER'S EXISTING
CASH,
NEW DEBT FACILITIES AND WIENERBERGER AG TREASURY SHARES

Source text for Eikon:  ID:nEQ8GXdjra 
Further company coverage:  WBSV.VI 
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