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New Deal


Announced

Áreas to acquire Autogrill Iberia from Autogrill for €12m.

Financials

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Transaction Value£10m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Pending

Spain

Majority

Restaurants and Bars

restaurants

Acquisition

Cross Border

Single Bidder

Synopsis

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Áreas, a provider of food and beverage services, agreed to acquire Autogrill Iberia, the Spanish operations of Autogrill, an Italy's highway service group for €12m ($14m). The closing of the transaction is subject to the necessary approvals of the Spanish Antitrust Authority. "The pre-agreement involves the sale to Áreas by Autogrill Europe of 100% of Autogrill Iberia and the transfer of its 1k workers will enter into force once they have obtained the necessary approvals from the CNMC," Áreas.

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