Binero: Proposed merger with Infrateq - Redeye

Binero proposed a merger with Infrateq in an all-stock deal. The implied valuation is EV/S 0.6x and EV/EBITDA of 10.6x based on 2022 years’ figures. We are initially optimistic about the proposed merger as the implied valuation is lower than Binero’s. However, we will wait to update our fair value range until we have additional information. The extra shareholder meeting is set to take place on 2024-02-01.

Länk till analysen i sin helhet: https://www.redeye.se/research/968365/binero-proposed-merger-with-infrateq?utm_source=finwire&utm_medium=RSS