Bonduelle announces the sale of 65% of Bonduelle Americas Long Life
The Bonduelle Group has obtained the approval from U.S and Canadian regulatory authorities and the waiver of conditions precedent allowing it to finalize the agreement with the institutional investors Fonds de solidarité FTQ and CDPQ, for the acquisition, in equal shares between them, of 65% of Bonduelle Americas Long Life (BALL) and on the basis of an enterprise value at 100% of 850 million Canadian dollars (approximately 625 million euros), or an EBITDA multiple for 2020-2021 of 8.2x.