WINFARM Société anonyme acquired 70% of Kabelis Group.
WINFARM Société anonyme (ENXTPA:ALWF) signed an exclusive memorandum of understanding to acquire 70% of Kabelis Group on July 12, 2022. The transaction will be financed entirely in cash. The contract provides for an option to acquire the remaining 30% minority stake in Kabelis held by Yves Coeffec, Chief Executive Officer, who is committed to remaining in the new combine for two years. Kabelis Group generated revenue of 13.7 million in 2021, i.e. EBITDA of 0.8 million. The transaction is subject to completion of due diligence and lifting of the usual conditions precedent and will be effective in a few weeks.
WINFARM Société anonyme (ENXTPA:ALWF) completed the acquisition of 70% of Kabelis Group on August 2,2022.