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Eurazeo finalizes the sale of its majority stake in Orolia to Safran | Photo credits: Eric Drouin / Safran
PARIS (Agefi-Dow Jones)–The investment company Eurazeo announced on Thursday that it has finalized the sale of its majority stake in the Orolia group, which specializes in the reliability of GPS-type signals. This sale generated proceeds of 189 million euros for Eurazeo, i.e. a cash-on-cash multiple of 3.7, the group said in a press release. According to information from L’Agefi published in December 2021, this sale was made on the basis of an enterprise value of more than 400 million euros. ([email protected]) editor: FXS
Agefi-Dow Jones The financial newswire
Dow Jones Newswires
July 07, 2022 12:07 ET (16:07 GMT)