Teraplast S.A. (BVB:TRP) agreed to acquire Wolfgang Freiler Ges.m.b.h from Uhl family for ?16.53 million on February 1, 2024. The transaction value has been set at ?16.53 million, covered from mixed sources, with an additional earn-out mechanism based on the EBITDA performance of the Freiler Group in 2024. To finance the transaction, TeraPlast Group contracted an investment loan from Banca Transilvania, amounting to ?13 million.

Transaction is subject to fulfillment of all customary precedent conditions, including the approval of the shareholders of TeraPlast. As on March 11, 2024, TeraPlast shareholders approved the acquisition of the Austrian Wolfgang Freiler Group at the Extraordinary General Meeting. Transaction is expected to complete within a few months.

Markus Piuk, Kinga Hetenyi and Narcisa Oprea of Schoenherr acted as legal advisor to Teraplast S.A. (BVB:TRP).