BRIEF-Smurfit Kappa buys two Brazilian packaging businesses for EUR 186 million

lunes 4 de enero de 2016 03:13 GYT
 

Jan 4 (Reuters) - Smurfit Kappa Group Plc :

* Smurfit Kappa Group Plc acquisition

* Acquires two Brazilian packaging businesses for EUR 186 million

* Both INPA and Paema are privately owned integrated packaging businesses

* Group currently expects to generate synergies of approximately eur 6 million ($28 million rand) to be delivered by end of 2017

* Post synergy 2015 EV/EBITDA multiple of combined business is expected to be 6.3 times

* Transaction was completed at end of december 2015 and will be immediately earnings accretive Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)