on CHARGEURS (EPA:CRI)
Chargeurs Agrees to Sell Novacel to KPS Capital Partners
Chargeurs has signed a binding agreement with KPS Capital Partners for the sale of its subsidiary, Novacel. This transaction aligns with Chargeurs' portfolio strategy, bringing a cash consideration of approximately €230 million. Chargeurs plans to reinvest €30 million to hold a 25% minority stake in Novacel. This move highlights Novacel's robust profitability and its market leadership in industrial surface protection.
Chargeurs views this deal as pivotal for its long-term objectives. The proceeds may bolster the company's balance sheet and support its other businesses. Additionally, Chargeurs plans to distribute an exceptional dividend by mid-2027, subject to approval. KPS, known for its industrial expertise, will help Novacel capitalize on market growth opportunities.
The transaction, which awaits regulatory approvals, is expected to conclude in the second quarter of 2026. Chargeurs emphasizes its strategic shift towards high-value business sectors, aiming for leadership in cultural and educational domains.
R. E.
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