Total to acquire battery-maker Saft in US$1.1-billion deal
Green Car Congress
MAY 9, 2016
The offer values the company at nine times its 2015 reported EBITDA, which represents a significant control premium compared to recent valuation multiples in the battery industry. The combination of Saft and Total will enable Saft to become the Group’s spearhead in electricity storage. The offer price represents a 38.3%
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