A somewhat poorly written news article, which to my eye seems to contain contradictions.
If we start from the idea that “Enterprise Value” = “Purchase Price” + “Interest-bearing Debt” - “Liquid Assets”, i.e., EV = MCAP + Net Interest-bearing Debt, then in the news, net cash reduces the purchase price to be paid???
Now the buyer pays 70-80 M€, gets approx. 150 M€ in net cash and the business on top of that??? What am I not understanding? ![]()
Edit: Could it be that the journalist confused net cash and net debt…