07 Aug 2024

Completion of the transfer of Astir Vitogiannis S.A. to Guala Closures

  • RE+D Magazine

Astir directly owns 74.99% of Coleus Packaging (pty) Limited (“Coleus”). 

The agreed Enterprise Value amounted to € 136 mil and following the closing adjustments and the deduction of the minority interest in Coleus, IDEAL received in cash the amount of € 115.5 mil and the buyer assumed the total bank debt of Astir and Coleus of € 11.3 mil. 

The net profit of this transaction is estimated at € 74 mil and will be depicted in the financial statements of the year 2024.




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