DGAP-News: Braas Monier Building Group S.A. / Key word(s): Mergers & Acquisitions
Braas Monier closes acquisition of a concrete tile plant in Romania
Luxembourg, 28 November 2016. Braas Monier today closed the acquisition of a concrete tile plant in Craiova, Romania, whose products will be sold under the brand name of Getica in the future. Management expects to generate from this transaction in 2019 revenues of approximately RON 22 million and an Operating EBITDA of approximately RON 7.5 million, leading to a strong cash flow profile. The total investment for the acquisition of the assets amounts to approximately RON 33 million, equivalent to approximately EUR 7 million. The acquisition was financed from free cash flow.
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About Braas Monier
|Company:||Braas Monier Building Group S.A.|
|4, rue Lou Hemmer|
|Grand Duchy of Luxembourg|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|