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Wireless

Mobilezone finalizes acquisition of Sparhandy

Thursday 20 June 2019 | 10:50 CET | News
As a result of the acquisition, nearly 4.5 million shares were transferred to the seller along with a cash component of EUR 37.5 million. The purchase price corresponds to a multiple of 7.4x normalized EBIT in 2018 of EUR 10 million. Sparhandy's shareholders have signed a lock-up agreement to hold 50 percent of the shares for two years and another 50 percent for three years.  

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Categories: Mobile & Wireless
Companies: Mobilezone / Sparhandy.de
Countries: Germany
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