Bel exerts the undertaking to sell (call option) granted by the minority shareholders in 2016 and acquires an additional 17.5...
30 Avril 2021 - 6:00PM
Bel exerts the undertaking to sell (call option) granted by the
minority shareholders in 2016 and acquires an additional 17.56% of
the capital of the MOM Group
Suresnes, April 30th, 2021
at 6:00 pm
Bel exerts the undertaking to sell (call
option) granted by the minority shareholders in 2016 and acquires
an additional 17.56% of the capital of the MOM Group
In accordance with the agreements entered on
October 20th and December 15th, 2016, Bel has today partially
exerted the undertaking to sell (call option) granted by the
minority shareholders of the MOM Group and acquired 17.56% of the
ordinary shares (1).
Following this transaction, Bel holds 82.5% of
the ordinary shares of the MOM Group.
As a reminder, Bel had acquired 65% of MOM
Group's common shares on December 15th, 2016.
Bel remains in possession of an undertaking to
sell (call option) granted by the minority shareholders on 17.56%
of the ordinary shares of the MOM Group.
About BelThe Bel Group is a
world leader in branded cheese and a major player in the healthy
snack market. Its portfolio of differentiated and internationally
recognized brands include such products as The Laughing Cow®,
Kiri®, Mini Babybel®, Leerdammer®, Boursin®, Pom’Potes®, and GoGo
squeeZ®, as well as some 20 local brands. Together, these brands
helped the Group generate sales of €3.46 billion in 2020. Some
12,510 employees in some 40 subsidiaries around the world
contribute to the deployment of the Group's mission to champion
healthier and responsible food all. Bel products are prepared at 33
production sites and distributed in nearly 120 countries.
------------------Press Contacts BelHavas
Paris - Michaël Sadoun (michael.sadoun@havas.com -
01.57.77.74.65 / 06.82.34.76.26)Havas Paris -
Laure Calixte (laure.calixte@havas.com – 01.57.77.74.01 /
06.33.81.81.17)
- For a reminder of the terms and conditions of the Sale
agreement, see the Universal Registration Document filed with the
AMF on April 6th, 2021
- Bel_Press Release_Undertaking to sell_2021_US