03.09.2009

Cobepa has sold its equity stake in Belron

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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 EUR 275 million and represents a capital gain for Cobepa of EUR 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.

Company: 

Cobepa S.A.

Cobepa S.A.
Rue de la Chancellerie 2, box 1
1000 Brussels
Belgium
Tel: 
+ 32 2 213 32 10
Fax: 
+ 32 2 513 17 02

Cobepa North America Inc.

Cobepa North America Inc.
Tower 49
12 East 49th Street
New York, NY 10017
United States
Tel: 
+1 (646) 679 5177

Ibel Beteiligungsberatung GmbH (Member of Cobepa Group)

Ibel Beteiligungsberatung GmbH
Theresienstrasse 1
80333 M√ľnchen
Germany
Tel: 
+32 2 213 32 10