Grupa Kety Signs Conditional Deal To Buy Fengari Holdings I

By Reuters News

Sept 14 (Reuters) - Grupa Kety S.A. KTY.WA:

  • SIGNS CONDITIONAL AGREEMENT TO BUY 100% OF FENGARI HOLDINGS I FOR UP TO EUR 450 MILLION

  • ENTERPRISE VALUE OF TARGET UNDER THE DEAL IS SET AT EUR 645 MILLION

  • TO FINANCE ACQUISITION VIA BANK LOAN AND OWN FUNDS, SIGNS TERM LOAN AGREEMENT FOR UP TO 2,000 MILLION ZLOTYS WITH BANK PEKAO

  • TARGET COMPANY FENGARI HOLDINGS I B.V. IS THE 100% OWNER OF ALUMINUM PROFILE MANUFACTURER METRA GROUP

  • METRA HAS 9 PLANTS IN ITALY, US AND CANADA WITH TOTAL EXTRUSION CAPACITY OF ABOUT 145,000 TONNES PER YEAR

Further company coverage: KTY.WA

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