PC Maker Acquires Brazilian Group

PC Maker Acquires Brazilian Group

Brazil Asia M&A

China's Lenovo Group has agreed to buy Brazilian electronics maker Digibras, known by its CCE brand, it says, in a transaction valued at BRL300m ($147m). In exchange for 100% of Digibras, the Hong Kong based PC maker will issue 46.9m of its shares, at a price equal to the average share price 30 days prior to the completion date of the transaction, and make a cash payment bringing the total consideration to BRL300m. The cash consideration would be HKD287m ($37m, BRL75m) based on Wednesday’s HKD6.

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