Bureau Veritas : Disposal and acquisition: repositioning on promising sectors (digitalisation) and optimisation of the portfolio
>Strategic divestment of the food testing sub-division – € 290m in cash - Bureau Veritas yesterday announced the disposal of its food testing business to Mérieux Nutrisciences for € 290m based on an enterprise value of € 360m. By our calculations this represents a multiple of around 14x EV/EBITDA and >20x EV/EBIT, in other words this is a disposal carried out at an excellent price (relative to BVI’s own multiples), in particular for non-core activities. The activity ...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.
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.
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