By Geoffrey Smith
LONDON (Reuters) -German military equipment manufacturer Rheinmetall said on Sunday it has agreed a deal to acquire Spanish explosives and ammunition maker Expal Systems for an enterprise value of 1.2 billion euros ($1.24 billion). Expal is a subsidiary of Spanish company Maxam, owned by private equity firm Rhone Capital. The deal, expected to close in 2023, is subject to approval by the competition authorities and other regulatory checks and is likely to face strong scrutiny.
Rheinmetall AG / Key word(s): Takeover/Mergers & AcquisitionsRheinmetall AG: Rheinmetall takes over Spain’s Expal Systems S.A. / Move brings the Group new ammunition production capacity 13-Nov-2022 / 20:25 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Rheinmetall AG today concluded a purchase contract with MaxamCorp. Ho