Report
Geoffroy Michalet

Bureau Veritas : Cession et acquisition : repositionnement sur des secteurs porteurs (digitalisation) et optimisation du portefeuille

>Cession stratégique de la sous-division Food testing – 290 M€ en numéraire - Bureau Veritas a annoncé hier la cession de son activité d’analyse alimentaire à Mérieux Nutrisciences pour 290 M€ sur la base d’une valeur d’entreprise de 360 M€. Cela représente, selon nous, un multiple de c. 14x VE/ EBITDA et >20x VE/EBIT, c’est-à-dire une cession à un excellent prix (au regard des propres multiples de BVI), en particulier pour des activités non-core. L’activité générait...
Underlying
Bureau Veritas SA

Bureau Veritas specializes in inspecting, testing, auditing or certifying products, assets (such as buildings, industrial infrastructure, equipment and ships) and management systems (particularly against ISO standards) based on regulatory or voluntarily adopted standards. Co.'s operations can be divided into eight businesses: ship classification; industry services; inspection and verification of equipment in service; construction services; certification of management systems or services; inspection and testing of consumer products; services related to customs control and international trade services; and inspection and testing of commodities.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Geoffroy Michalet

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