M&A Activity • Jul 1, 2021
M&A Activity
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The Board of Directors of Aforti Holding S.A., with its registeredoffice in Warsaw, hereinafter reffered to as "the Company", "theIssuer", in reference to the current reort ESPI 21/2021 dated 24 March2021, announce that today it has recieved information form Aforti PLC, asubsidiary based in the UK, that on June 30th 2021 it has signed aconditional Agreement on Purchase of Shares (SPA) of Adriatic ZagrebFactoring d.o.o. ("Factor") based in Croatia. The Agreement will befinalized as soon as all conditions, including an approval from HANFA(Croatian Financial Services Supervisory Agency) will be fullfilled.
Purchase price will be calculated as a Factor's equity book value plus 9x EBITDA at the closing day.
The transaction is a step of realization of Aforti Group strategy.
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