Vidrala : Acquisition of the remaining stake in Vidroporto, slightly above previous price expectations on stronger operating performance
>Completion of Vidroporto acquisition - Vidrala has completed the acquisition of the remaining 70% of Brazilian glass container manufacturer Vidroporto. The acquisition price (EV) including the initial 30% stake acquired early in 2023 and the debt stands at € 384m an implies a multiple of 6.85x EV/ EBITDA according to management. The initial stake amounted to € 53.5m and estimates back then also considered a transaction multiple of 7x EV/EBITDA but on significantly lo...Vidrala SA is a Spain-based company principally engaged in the glass industry. The Company operates through two segments: Spain and European Union. The Company's activities include the production, distribution and sale of glass bottles and containers used in the food and beverages industries. The Company conducts its own research and development (R&D) operations. It operates production plants and melting furnaces located in such countries, as Portugal, France, Belgium and Italy. The Company owns such subsidiaries as Crisnova Vidrio SA, Inverbeira Sociedad de Promocion de Empresas SA, Gallo Vidro SA, Castellar Vidrio SA, Corsico Vetro SRL, MD Verre SA, Omega Immobiliere et Financiere SA, Investverre SA and CD Verre SA.
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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