Transaction news D'Ieteren

Founded in 1805, D'Ieteren is the #1 car distributor in Belgium and the worldwide leader in the repair of vehicle glass.

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23 Sep '10

Successful accelerated placement of 3.8% of the capital of D'Ieteren

Cobepa announces the successful placement of 212,500 shares in D'Ieteren, representing 3.8% of the common equity of the company and 3.5% of the voting rights, to institutional investors.

This transaction is part of Cobepa's ongoing strategy of progressively redeploying its financial assets.

After this operation, Cobepa will continue owning 212,621 D'Ieteren shares. The sizeable shareholding that Cobepa continues to hold in D'Ieteren reflects its confidence in the company's development prospects and the quality of its management. Cobepa and the D'Ieteren family shareholders will maintain their partnership relation and will continue to act in concert.

This operation, led by Bank Degroof and Petercam, was conducted using the accelerated book building procedure.