Acquisitions15 Oct 2025, 02:50 pm
Manali Petrochemicals to Sell Notedome Limited, UK to CO.ILM. S.p.A. for 8.5x Adjusted EBITDA
AI Summary
Manali Petrochemicals Limited has approved the sale of its entire stake in Notedome Limited, UK, a wholly owned material step-down subsidiary, to CO.ILM. S.p.A. - Chimica Organica Industriale Milanese. The sale is expected to be completed by end of November 2025, subject to shareholder approval, and will be on a cash-free and debt-free basis with customary adjustments. The consideration for the sale will be at least 8.5 times the adjusted EBITDA of 2.12 million Pounds, as determined jointly by both parties.
Key Highlights
- Manali Petrochemicals to sell its entire stake in Notedome Limited, UK to CO.ILM. S.p.A.
- The sale is expected to be completed by end of November 2025, subject to shareholder approval.
- The sale will be on a cash-free and debt-free basis with customary adjustments.
- The consideration for the sale will be at least 8.5 times the adjusted EBITDA of 2.12 million Pounds.
- Notedome Limited, UK will cease to be a wholly owned subsidiary of Manali Petrochemicals upon successful completion of the transaction.