D’Ieteren raises its stake in Belron to 94.85%
D'Ieteren is pleased to announce today that it will raise its interest in Belron's equity capital by 2.12% points, reaching 94.85%, as a result of the exercise of his put option by a senior non-executive member of the Belron founding family, in accordance with the existing shareholders agreement, for a total consideration of circa
EUR 39 million. The remaining 5.15% of Belron's equity capital are still owned by the founding family, including the family holding company of Belron's CEO whose stake has increased.
This transaction is in line with D'Ieteren's previously announced objective of reaching at least a 95% interest in Belron by 2014.
End of press release
D'Ieteren is a group of services to the motorist founded in 1805, serving some 11 million corporate and end customers in 34 countries in two areas:
- D'Ieteren Auto distributes Volkswagen, Audi, Seat, Škoda, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles across Belgium. It is the country's number one car distributor, with a market share of more than 22% and more than one million vehicles of the distributed makes on the road.
Sales in 2012: EUR 2.8 billion.
- Belron (94.8% owned) is the worldwide leader in vehicle glass repair and replacement. 2,200 branches and 8,900 mobile vans, trading under more than 10 major brands including Carglass, Autoglass and Safelite AutoGlass, serve customers in 34 countries. Sales in 2012: EUR 2.7 billion.
15 April 2013 – Annual Report 2012 available
16 May 2013 – Interim Management Statement
30 May 2013 – General Shareholders’ Meeting
5 June 2013 – Ex date
10 June 2013 – Payment date
29 August 2013 – 2013 Half-year results
14 November 2013 – Interim Management Statement
Jean-Pierre Bizet, Chief Executive Officer
Benoit Ghiot, Chief Financial Officer
Vincent Joye, Financial Communication - Tel: + 32 (0)2 536.54.39