BRIEF-CIR Says Unit KOS And Inframedica Sign Deal To Transfer 100% Stake In Medipass To DWS

  • Reuters
  • Stock Market News
BRIEF-CIR Says Unit KOS And Inframedica Sign Deal To Transfer 100% Stake In Medipass To DWS

Sept 7 (Reuters) - CIR SpA - Compagnie Industriali Riunite CIRI.MI :

* KOS AND INFRAMEDICA SIGNS DEAL FOR TRANSFER OF 100% STAKE IN MEDIPASS TO DWS ALTERNATIVES GLOBAL LIMITED

* BEFORE SALE, KOS TO BUY BACK FROM MEDIPASS ITS OWN INDIAN SUBSIDIARIES CLEARMEDI HEALTHCARE PRIVATE AND CLEARVIEW HEALTHCARE PRIVATE

* INFRAMEDICA IS A COMPANY INDIRECTLY AND ENTIRELY CONTROLLED BY DWS ALTERNATIVES GLOBAL LIMITED

* AGREED MEDIPASS ENTERPRISE VALUE (INDIAN ACTIVITIES EXCLUDED) IS EUR 169.2 MILLION AND EQUITY VALUE CAN BE ESTIMATED AT AROUND EUR 103 MILLION

* TRANSACTION WILL RESULT IN NET CAPITAL GAIN OF ABOUT EUR 50 MILLION FOR KOS, DEBT REDUCTION OF ABOUT EUR 160 MLN

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles