October 07, 2024 06:09 GMT
HEALTHCARE: Bureau Veritas (BVIFP: A3): EUR 360m Disposal
HEALTHCARE
- Neutral: Bureau Veritas is disposing of its food testing business to Merieux Nutriscience for EUR 360m.
- Net proceeds will be EUR 290m
- The unit had EUR 133m in revenue in 2023 or 2.3% of BVIFP’s total
- The quoted EV of the sale is 2.4% of the current company’s total
- Proceeds will be applied to M&A in its LEAP I 28 strategy
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