From Yahoo Finance: 2025-04-14 07:42:00

The Deprez family, founders of Greenyard, are launching a takeover bid for the Brussels-listed business. They seek to acquire an additional 57.73% of shares at €7.40 each, with support from Solum Partners. Greenyard’s board unanimously supports the offer, aiming to enhance the company’s stability and strategic priorities.

A new holding company, Garden, will house the Deprez family’s existing shares and those acquired through the offer. Garden will become the “sole shareholder” of Greenyard, pending closing conditions and regulatory approvals. If the acceptance threshold of 95% is met, a “squeeze-out” will follow, making Garden the majority shareholder.

Greenyard aims to reach €5.4bn in annual sales by March 2026, with recent sales climbing 6.1% to €2.6bn. Adjusted EBITDA rose 4.6% to €94.4m, and net profit was €1.2m. In the previous fiscal year, sales increased to €5.1bn, with adjusted EBITDA up 11.5% to €186.5m and net profit at €15.2m.

The Deprez family’s offer includes a premium of 37% over Greenyard’s market price as of April 1. Current shareholders, representing 30.04% of shares, have committed to tendering their shares under the proposal. The price for additional shares will be adjusted based on gross dividends paid to shareholders.



Read more at Yahoo Finance: Greenyard subject of takeover offer by Deprez family founders