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    IBS   PTIBS0AM0008

IBERSOL, SGPS, S.A.

(IBS)
  Report
Real-time Euronext Lisbonne  -  11:35 2022-08-05 am EDT
6.240 EUR   -0.64%
08/02IBERSOL SGPS S A : informs signing of share purchase and sale agreement relating to IBERKING AND LURCA, which operate the restaurants Burger King
PU
08/02BK Portugal SA and Burger King Spain, Sociedad limitada Unipersonal agreed to acquire Iberking and Lurca from Ibersol, S.G.P.S., S.A. for an enterprise value of €260 million.
CI
06/30IBERSOL SGPS S A : informs about negociations related to the offer for the acquisition of Burger King restaurants
PU
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Ibersol SGPS S A : Iberso SGPS informe about Non-binding Proposal for acquisition of Burger King restaurants

03/10/2022 EDT

IBERSOL, SGPS, S.A.

Public Company

Registered Office: Praça do Bom Sucesso, 105/159, 9th floor, Porto

Registered at the Commercial Registry Office of Oporto under the single registration and tax

Identification number 501 669 477

Fully subscribed and paid-up share capital: EUR 46,000,000.00

NON-BINDING PROPOSAL FOR THE ACQUISITION OF BURGER KING

RESTAURANTS

Following the announcement dated 16 February 2022 regarding the non-binding proposal presented by Restaurant Brands Iberia, S.A., Ibersol, SGPS, S. A. ("Company" or "Ibersol") informs that:

  1. On the present date, Ibersol and Restaurant Brands Iberia, S.A. began exclusive negotiations (for a period of 6 weeks) regarding the potential acquisition by the latter of the Burger King restaurants owned by Ibersol in Portugal and Spain;
  2. These restaurants have been indicatively valued by Restaurant Brands Iberia, S.A. at an Enterprise Value of €250 million on a cash and debt-free basis, which could be increased by up to €7 million relating to the potential use of tax credits. This proposal remains subject to a number of assumptions and conditions including, but not limited to, (i) the completion of a confirmatory due diligence process and (ii) the obtaining of internal and external financing approvals by the bidder.

The Company's Board of Directors will continue monitoring this process and will keep the market informed in due course.

Porto, 10th March 2022

The Representative for Market Relations

Disclaimer

Ibersol SGPS SA published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 17:50:04 UTC.


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Financials
Sales 2022 478 M 485 M 485 M
Net income 2022 14,0 M 14,2 M 14,2 M
Net Debt 2022 206 M 209 M 209 M
P/E ratio 2022 20,8x
Yield 2022 1,92%
Capitalization 265 M 269 M 269 M
EV / Sales 2022 0,98x
EV / Sales 2023 1,04x
Nbr of Employees 10 528
Free-Float 35,3%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 6,24 €
Average target price 9,30 €
Spread / Average Target 49,0%
EPS Revisions
Managers and Directors
Antonio Carlos Vaz Pinto de Sousa Chairman & Chief Executive Officer
Deolinda Couto Head-Finance
Manuel Oliveira Head-Administrative
António Alberto Guerra Leal Teixeira Vice Chairman
Juan Carlos Vázquez-Dodero de Bonifaz Vice Chairman
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