December 23, 2016 / 11:11 AM / a year ago

BRIEF-French group SPIE to buy German firm SAG from EQT

Dec 23 (Reuters) - Spie :

* SPIE signs agreement to buy SAG from private equity firm EQT

* Consideration of 850 million euros ($887.83 million), implied multiple 8.8x 2016E EBITA post synergies

* SPIE says deal represents highly accretive transaction, c. 12% positive impact on adjusted EPS in 2017 and c. 15% in 2018, pre synergies

* Significant cost synergies of around 20 million euros over 2 years, adds SPIE

* SPIE says SAG deal forms part of its plans to expand in Germany and central Europe. Source text for Eikon: Further company coverage: ($1 = 0.9574 euros)

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