Acquisitions29 Mar 2024, 10:39 pm
Samvardhana Motherson International to Acquire CIRMA ENTREPRISE for 7.2 million euros
AI Summary
Samvardhana Motherson International Limited has announced the execution of definitive agreements to acquire 100% stake in CIRMA ENTREPRISE from Vinci Energies France for an Enterprise Value of 7.2 million euros. However, the acquisition is subject to certain conditions precedents, including consultation with the French employee representative body and regulatory approvals. If these conditions are not met within the agreed timeline, the acquisition may be terminated.
Key Highlights
- Samvardhana Motherson International Limited has executed definitive agreements
- Acquisition of a 100% stake in CIRMA ENTREPRISE
- Enterprise Value of the acquisition is 7.2 million euros
- Agreements subject to consultation with the French employee representative body and regulatory approvals
- Possibility of termination if conditions not met by the agreed timeline