BELGIUM: CNP buys 11.9% stake in GIB
Belgian holding company Compagnie Nationale a Portefeuille (CNP) has acquired an 11.9% stake in the former retailing giant GIB. CNP paid €43 per share or €140.7m (US$138.3m) to buy the stake from New York-based fund management company Wyser-Pratte and Franklin Mutual Advisors. The move casts doubt over Ackermans & Van Haare, the Belgian holding company which earlier this month launched a takeover bid to acquire all the shares in GIB.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Have food promotions reached tipping point?
- How Tyson's new CEO plans to grow the meat group
- Mondelez goes beyond certified cocoa - analysis
- Nestle unveils process to cut sugar by 40%
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- Japan's Nagatanien buys Chaucer Food Group
- Wilmar urges palm oil "labour transformation"