Disal has a diversified portfolio of clients and long-term contracts for the mining, civil construction, food and other sectors, points out an essential fact sent by the Brazilian to the local regulator.
The Brazilian group Ambipar, through its subsidiary Environmental ESG Participações, agreed to pay 800 million reais (approximately US $ 161.58 million) for 100% of the Chilean Disal, an environmental management firm with operations in Chile, Peru and Paraguay., reported the local media Valor Investe.
Disal has a diversified portfolio of clients and long-term contracts for the mining, civil construction, food and other sectors, with 2,205 employees and 550 assets assigned to 45 branches, points out an essential fact sent by the Brazilian to the local regulator. In 2020, it generated revenues of US $ 103.6 million with an Ebitda of US $ 19.3 million.
The focus of the acquired company is on total industrial waste management services, providing solutions for the collection and treatment of solids, liquids and hazardous materials.
For Ambipar, the operation will allow promoting organic and inorganic growth in Latin America and the generation of certifiable carbon credits. The acquisition will not be subject to the approval of its shareholders, considering that the purchase was made through its subsidiary, which is privately owned.
Since its Initial Public Offering (IPO) of shares, Ambipar’s market share has increased more than 54% and is positioned as one of the favorites to benefit from the ESG criteria, which are gaining more and more importance in the Brazilian corporate environment .
Political tensions in Chile
According to a Bank of America report, the acquisition may raise Ambipar’s Ebitda projection to 550 million reais. Taking into account the new forecast, The bank raised the target price of its shares from 35 reais to 42 reais, an increase of 5.98% compared to Friday’s close, reiterating your purchase recommendation.
“Ambipar shares rose 50% for the year, well above Ibovespa (7%). This performance is supported by acquisitions (twelve since the share offering in July 2020) and strong operations,” write analysts Arthur Pereira , Murilo Freiberger and Gustavo Faria, cited by Valor Investe
However, the US bank warned that “Political tensions in Chile involving mining companies could raise investors’ doubts about Disal’s portfolio and clients”.