Skip to main content
Back to homepage
Back to press releases

D’Ieteren raises its stake in Belron to 94.85%

Download zone

14 Mar 2013 - Belron

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

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.

Financial Calendar

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

Contacts

Jean-Pierre Bizet, Chief Executive Officer

Benoit Ghiot, Chief Financial Officer

Vincent Joye, Financial Communication - Tel: + 32 (0)2 536.54.39

E-mail: financial.communication@dieteren.be – Website: www.dieteren.com

Recent press releases

  1. 7 Apr 2021 - Group

    Test 3

    Read the press release
  2. 7 Apr 2021 - Results

    Test

    Read the press release
  3. 7 Apr 2021 - Group

    Test 2

    Read the press release
  4. 16 Mar 2020 - Moleskine

    Daniela Riccardi appointed as CEO of Moleskine

    Read the press release
Back to press releases