Scope of the agreement and scheduled closing date
The agreement covers Assystem Care France, Assystem Belgium and Assystem Care Switzerland as well as two French going concerns (“fonds de commerce”). The revenue generated in 2021 by these divested businesses is expected to approximate €39 million. The enterprise value agreed between the parties is €28 million and the deal is scheduled to close on
Adjustment of Assystem’s full-year 2021 targets due to the application of IFRS 5
As a result of this agreement – which means that the divested businesses will be deconsolidated as of
Also in accordance with IFRS 5, the Group management costs that were previously allocated to the divested businesses will be deemed to be borne by the remaining entities in Assystem’s scope of consolidation. The estimated net effect on the Group’s 2021 EBITA margin of deconsolidating the divested businesses and reallocating these Group management costs is a negative 0.2 points.
ABOUT
CFO & Deputy CEO Tel.: +33 (0)1 41 25 28 07 Communications Director acdagorn@assystem.com Tel.: +33 (0)6 83 03 70 29 | Investor relations - Komodo agnes.villeret@agence-komodo.com Tel.: +33 (0)6 83 28 04 15 |
(1)
(2) Operating profit before non-recurring items (EBITA) as a percentage of revenue.
(3) The Group’s full-year 2021 targets communicated on
Attachment
- PR Sale agreement VDEF
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