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New Deal


Announced

Penny to acquire 15 stores from Dico for €17m.

Financials

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Transaction Value£14m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Italy

Domestic

Majority

Pending

Single Bidder

retail

Food Retailers and Wholesalers

Acquisition

Infrastructure

Private

Friendly

Synopsis

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Penny, a chain of discount supermarkets, agreed to acquire 15 stores from Dico, a company operating in the Italian large-scale retail trade, for €17m. The 15 stores, branded Tuodì, Fresco Market and Ingrande, are located in Emilia-Romagna and Lazio and confirm the expansion policy of Penny, which expands its presence in the area with 437 points of sale, present in 18 of the 20 Italian regions.

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