Loomis receives regulatory approval for the acquisition of CPoR
On June 4, 2018 Loomis AB announced that it had, through a wholly owned subsidiary, entered into an agreement to acquire 100 per cent of the shares in CPoR Devises (“CPoR”) in France. The transaction was subject to local works council procedures and approval of ACPR, the French financial market regulator. All the necessary approvals have now been received and the transaction is therefore expected to be closed within the next few weeks. The purchase price on a debt/cash free basis is payable on closing and is approximately EUR 70 million. CPoR is a French credit institution and is