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New Deal


Announced

Completed

WELCOME BREAK HOLDINGS LIMITED / APPLEGREEN PLC / NIBC BANK NV / Disposal / Public / Reverse Takeover / £980m

Financials

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Transaction Value£490m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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motorway service stations

Specialty Retailers

Disposal

Completed

Reverse Takeover

Public

Friendly

Single Bidder

United Kingdom

Synopsis

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Acquisition by Applegreen of a 50.1% stake in Welcome Break for €361.8m. The deal will significantly widen Applegreen’s motorway service area network, and is Applegreen’s largest acquisition to date. Welcome Break is one of the three major owners and operators of motorway service areas in the UK. It generated revenues of £723.4m and adjusted earnings before interest, tax, depreciation and amortisation of £66.4m in the year to January 2018.

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