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BRIEF-D'Ieteren and Clayton, Dubilier & Rice enter discussions regarding partnership investment in Belron
November 19, 2017 / 9:24 PM / a month ago

BRIEF-D'Ieteren and Clayton, Dubilier & Rice enter discussions regarding partnership investment in Belron

Nov 19 (Reuters) - D‘Ieteren SA:

* ‍D‘IETEREN AND CLAYTON, DUBILIER & RICE ENTER EXCLUSIVE DISCUSSIONS REGARDING PARTNERSHIP INVESTMENT IN BELRON​

* D‘IETEREN SA - ‍ENTERED INTO EXCLUSIVE DISCUSSIONS UNDER WHICH DUBILIER & RICE​-MANAGED FUNDS WOULD ACQUIRE A 40% OWNERSHIP INTEREST IN BELRON GROUP

* ‍UNDER PROPOSED AGREEMENT, D‘IETEREN AND MANAGEMENT WOULD RETAIN REMAINING 60% OWNERSHIP INTEREST IN COMPANY​

* D‘IETEREN - ‍PROPOSED TRANSACTION WOULD VALUE BELRON AT EUR 3 BILLION (ENTERPRISE VALUE) WHICH TRANSLATES INTO AN EQUITY VALUE OF ABOUT EUR 1,550 MILLION​

* ‍PROPOSED TRANSACTION IS SUBJECT TO AN INFORMATION AND CONSULTATION PROCESS WITH BELRON‘S FRENCH WORKERS COUNCIL​

* ‍PROPOSED TRANSACTION IS ALSO SUBJECT TO APPROVAL OF RELEVANT REGULATORY AND COMPETITION AUTHORITIES​ Source text for Eikon: Further company coverage:

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