(CercleFinance.com) – Imerys wins 2%, after entering into exclusive negotiations with Syntagma Capital for the sale of assets producing materials serving the paper markets, which would be sold for an enterprise value of 390 millions of euros.
The divestment of these businesses, which employ approximately 950 people and generated €400 million in revenue in 2021, is expected to close in 2023, subject to customary closing conditions, including regulatory approvals.
‘The sale of Calderys and now paper marks the launch of major maneuvers and should finally make it possible to wake up the sleeping beauty to win back the lost hearts of investors’, reacts Oddo, who reaffirms his ‘outperformance’ opinion.