(Finance) – DBA Groupa company listed on Euronext Growth Milan and specialized in network connectivity and solutions to support the life cycle of infrastructures, has decided to sell the shareholdings helddirectly and indirectly, in the capital of the company Actual IT dd to the Slovenian national operator Telekom Slovenije dd “The sale of the investments in the Actual group allows DBA Group to capitalize on the investments made in the last six years in the sector of technologies and telematics applied to logistics, maintaining in-house the know-how and relations with the stakeholders of the reference markets “, he said Francesco De Bettin, president by DBA Group.
“The operation will allow the group to refocus on the domestic and European market of Engineering, Project Management and ICT services to support the management of the life cycle of works and infrastructures, to seize all the opportunities of the PNRR related to infrastructures and the digital, energy and ecological transition, in which the Smart Infrastuctures and the aforementioned services will play a fundamental role – has added – The liquidity deriving from the deal, in addition to bringing the net financial position into strong surplus, will allow the group to grow in the engineering and ICT sector at the service of infrastructures both internally and through any M&A transactions“.
The sale price of 100% of the company’s capital was agreed between the parties on the basis of an Enterprise Value equal to a total of € 30 million to be adjusted on the basis of the NFP and Working Capital values estimated at the Closing date. Based on the preliminary values as at 31 December 2021, the equity value of the transaction would have been equal to 20.6 million euros. The capital gains estimated on preliminary data for 2021 are therefore equal to 8.6 million euros.
The Net Financial Position (cash in hand) estimated on the preliminary figures for 2021 after the sale is equal to 11.2 million euros. Theoretical Cash on preliminary data for 2021 is equal to 18.9 million euros (before transaction costs). The 2022 financial data will undergo a change linked to the future corporate and operational structure of the group, which make the forecast information communicated to the market no longer current and will be reflected in the new budget 2022 and in the new Business Planwhich the company will prepare in the coming months.
The market is appreciating the operation. The stock beat € 1.68 per share at 9.03, equal to a rise of 7%, and was therefore suspended on the rise, showing a theoretical + 10% higher.