Amplifon SpA (AMPF.MI)
Italian hearing aid maker Amplifon SpA has agreed to buy privately owned Gaes Group for 528 million euros ($616.6 million) in cash, in a bid to become the biggest player in Spain and also enter new markets.
* Deal expected to add to Amplifon EPS from 1st year (Adds share price, analyst comment)
July 24 Italian hearing aid maker Amplifon SpA said on Tuesday it agreed to buy privately owned peer GAES Group for an equity value of 528 million euros ($616.6 million), in a bid to enter the Latin American markets and become the No.1 player in Spain.
* EXPECTS BETTER ORGANIC GROWTH IN Q2 IN THE AMERICAS AFTER SOFT JANUARY DUE TO WEATHER Further company coverage: (Gdynia Newsroom)
* Q1 REVENUE EUR 310.3 MILLION VERSUS EUR 296.1 MILLION YEAR AGO ON COMPARABLE BASIS