News Formal

Co earns P1.5 B from Keepers acquisition

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Retail tycoon Lucio Co is making a P1.5 billion windfall from the sale of his own stake in brandy firm Williams & Humbert SA to his publicly-listed liquor distribution company The Keepers Holdings Inc.

Retail tycoon Lucio Co is making a P1.5 billion windfall from the sale of his own stake in brandy firm Williams & Humbert SA to his publicly-listed liquor distribution company The Keepers Holdings Inc.

The consideration amounts to EUR88.75 million and is based on the independent valuation undertaken by PricewaterhouseCoopers . The cash consideration will be paid upon signing the Share Purchase Agreement and completing other legal and closing requirements. Abacus believes The Keepers’ bottomline could get a boost of about P400 million per year, about 20 percent of its 2022 earnings, because of the acquisition and rates it a BUY.

The equity investment will also be bottom line accretive from its share in the future net income of Bodegas Williams & Humbert.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Grab’s hasty acquisition; Furor over ERC appointmentIt seems Grab Philippines is reliving the old glory days of Pac-Man, the most popular arcade game in the 80’s in which a player gobbles up everything in its path.
Source: MlaStandard - 🏆 20. / 55 Read more »