03-09-2009
Cobepa has sold its equity stake in Belron

On 3 September 2009, Cobepa exercised its put options on D'Ieteren related to its 16.35% equity stake in Belron (Carglass).

Cobepa became a shareholder of Belron in 1999 with as objective to jointly control this business with D'Ieteren and enable the latter to develop a third activity.

The transaction consideration amounts to 275 million € and represents a capital gain for Cobepa of 210 million €. The cashflow resulting from this operation will be reinvested in accordance with Cobepa's investment strategy.

Cobepa remains an important shareholder of D'Ieteren.

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