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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Brambles Limited | ASX:BXB | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.01 | 0.07% | 14.35 | 14.34 | 14.35 | 14.40 | 14.28 | 14.40 | 389,017 | 02:29:14 |
From May 2019 to May 2024
By Ross Kelly
SYDNEY--Brambles Ltd. (BXB.AU) said it bought container business Pallecon for EUR135 million (US$177 million) from CEVA Logistics.
Pallecon provides containers for transporting liquids in the food, cosmetic and chemical industries. The purchase price equates to 7.4 times Pallecon's earnings before interest, tax, depreciation and amortization in the fiscal year ending Sept. 30, Brambles, an Australia-based pallets supplier, said in a statement to the local stock exchange Monday.
CEVA Logistics is owned by affiliates of private equity firm Apollo Management LP.
Write to Ross Kelly at ross.kelly@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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