Imerys SA Completes Acquisition of Luzenac Group
2011年 8月 2日 星期二 00:26 BJT
Imerys SA announced that it has completed the acquisition of 100% of the Luzenac Group from Rio Tinto. This acquisition has been paid in cash for an enterprise value of USD 340 million (EUR 232 million), representing a multiple of EBITDA in line with historical multiples paid by Imerys. Luzenac Group will be part of the Performance & Filtration Minerals business group and will be fully consolidated as of August 1, 2011. Current market conditions prevailing, this transaction is expected to create value by achieving a return on capital employed above the Group's weighted average cost of capital from 2013 onwards.