Canada’s Dollarama to acquire majority interest in Dollarcity

Canada’s Dollarama to acquire majority interest in Dollarcity

Corporate & Sovereign Strategy Equity Colombia El Salvador Guatemala

Dollarama has entered into an agreement to purchase a 50.1% interest in Dollarcity, which operates discount stores in Colombia, Guatemala and El Salvador, the Montreal-based company said. The purchase price is estimated to range between $85m and $95m, when the deal closes next month, according to Dollarama. The price is based on five times Dollarcity’s EBITDA, minus net debt, for the 12-month period ending June 30, 2020. The Canadian buyer said it will make an initial payment of $40m when the tr

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