Ritchie Bros to buy Euro Auctions for $1 bln

Industry:    2021-08-09

Asset management company Ritchie Bros (RBA.TO) said on Sunday it would acquire plant and machinery auction house Euro Auctions for an enterprise value of 775 million pounds ($1.07 billion) in cash.

The transaction, which was approved by Ritchie Bros’ board of directors, is expected to close in late 2021 or early 2022.

print
Source: