Balda has announced the proposed sale of its entire operating business for a net purchase price of €62.9m to Munich-based private equity company Paragon. The deal would leave Balda with a shell containing c €130m in cash. The agreement is subject to an approval by 75% majority at the AGM on 19 November, which will also decide on special dividends of €0.90 per share (independent of the sale) and €1.10 per share (dependent on the sale). Our forecasts and valuation are suspen
25 Sep 2015
Proposed sale of all operating businesses
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Proposed sale of all operating businesses
British & American Investment Trust PLC (BAF:LON) | 0 0 8.2% | Mkt Cap: 4.62m
- Published:
25 Sep 2015 - Author:
- Pages:
Balda has announced the proposed sale of its entire operating business for a net purchase price of €62.9m to Munich-based private equity company Paragon. The deal would leave Balda with a shell containing c €130m in cash. The agreement is subject to an approval by 75% majority at the AGM on 19 November, which will also decide on special dividends of €0.90 per share (independent of the sale) and €1.10 per share (dependent on the sale). Our forecasts and valuation are suspen