NewRiver REIT Plc announces acquisition

  • Dec 03, 2019 GMT
  • Team Kalkine

  • The company proposes to acquire Bravo Inns Limited for £17.9 million
  • The transaction represents an EBITDA multiple of 6.8X
  • The transaction is expected to generate EBITDA of £2.6 million for a yield cost of 14%
  • Bravo Inns owns 44 wet-led community pubs, predominantly located in North-West England.

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