s.a. D'Ieteren n.v. - D'IETEREN INCREASES ITS INTEREST IN BELRON
Brussels, March 30, 2007
D'Ieteren s.a. announces that it has exercised a call option on 3.65%
of the equity capital of Belron currently owned by Cobepa, for a
total consideration of EUR 31 million, based on the value at 31
December 2006. Effective April 2, 2007, this transaction brings
D'Ieteren's share of Belron from 73.73% to 77.38% and reduces
Cobepa's share from 20% to 16.35%. There is no other change in the
composition of the equity capital of Belron.
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D'Ieteren
D'Ieteren is an international group, active in three sectors of
services to the motorist:
- automobile distribution in Belgium of Volkswagen, Audi,
Seat, Skoda, Bentley, Lamborghini, Bugatti, Porsche and Yamaha;
- short-term car rental in Europe, Africa, the Middle East
and Asia through Avis Europe plc and the Avis and Budget brands;
- vehicle glass repair and replacement in Europe, North and
South America, Australia and New Zealand through Belron s.a.
D'Ieteren and its activities are present in 110 countries on 5
continents.
Contacts
Jean-Pierre Bizet, Chief Executive Officer
Benoit Ghiot, Chief Financial Officer
Catherine Vandepopeliere, Financial Communication - Tel: + 32 (0)2
536.54.39
E-Mail: financial.communication@dieteren.be
End of press release