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BRIEF-Bpost to acquire Radial
October 9, 2017 / 5:56 AM / 2 months ago

BRIEF-Bpost to acquire Radial

Oct 9 (Reuters) - BPOST SA:

* BPOST TO ACCELERATE THE EXPANSION OF ITS E-COMMERCE LOGISTICS BUSINESS WITH THE ACQUISITION OF RADIAL

* ‍BPOST WILL ACQUIRE 100% OF SHARES OF RADIAL FOR AN ENTERPRISE VALUE OF $820 MILLION​

* ‍EXPECTED NORMALIZED ANNUAL REVENUES OF RADIAL FOR 2017 ARE FORECASTED BETWEEN $970 AND $1,020 MILLION

* THE EXPECTED NORMALIZED EBITDA OF RADIAL IS FORECASTED TO BE BETWEEN $65 AND $70 MILLION IN 2017​​

* ‍TRANSACTION WILL HAVE A POSITIVE IMPACT ON EARNINGS PER SHARE AS FROM 2020​

* ‍TRANSACTION IS EXPECTED TO CLOSE IN LAST QUARTER OF 2017, SUBJECT TO CUSTOMARY CLOSING CONDITIONS​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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