Arkema SA (LTS:0IB0)
€ 80.475 -0.4 (-0.49%) Market Cap: 6.05 Bil Enterprise Value: 8.44 Bil PE Ratio: 17.45 PB Ratio: 0.78 GF Score: 81/100

Arkema SA to Discuss the Planned Acquisition of ArrMaz Conference Call Transcript

May 16, 2019 / 09:00AM GMT
Release Date Price: €81.55 (+4.36%)
Operator

Ladies and gentlemen, welcome to the Arkema's conference call. I will now hand over to Mr. Thierry Le Hénaff, Chairman and CEO. Sir, please go ahead.

Thierry Le HÃ;naff
Arkema S.A. - Chairman & CEO

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Thank you very much. Good morning, everyone. Thank you for joining us on this call on such short notice. I'm here together with 2 members of the Executive Committee, Bernard Boyer, who's in charge of M&A strategy; and Christophe André, who's in charge of our Advanced Materials segment. Also with us, the IR team and the communication team.

I suggest we use the slide show posted this morning on our website as a support document for our discussion.

We have organized this conference call (inaudible). As you could see, we have just announced earlier this morning our project to acquire ArrMaz, a major U.S.-based player with leading position in specialty surfactants. The agreed enterprise price value is USD 570 million, which corresponds to 10.8x the last 12-months EBITDA.

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