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Amplifon SpA (AMPF.MI)

AMPF.MI on Milan Stock Exchange

15.45EUR
7 Dec 2018
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€0.36 (+2.39%)
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Tue, Jul 24 2018

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Amplifon shares hit record on $617 million Gaes Group deal

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.

UPDATE 2-Amplifon shares hit record on $617 mln Gaes Group deal

* Deal expected to add to Amplifon EPS from 1st year (Adds share price, analyst comment)

Italian hearing aid maker Amplifon to buy Gaes Group for $617 million

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.

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