Belgian holding company Ackermans & Van Haaren has launched a takeover bid to acquire all the shares in former retailing giant GIB.
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GIB was at one stage Belgium’s leading retailer until July 2000 when it sold its supermarket unit GB to France’s Carrefour.
Ackermans are offering €41 (US$40) per share, which puts the value of GIB at €1.13bn, reports Dow Jones International News.
