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Announced

Completed

Korys completed the acquisition of an additional 30% stake in Virya Energy from Colruyt Group for €180m.

Financials

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Transaction Value£154m
Consideration TypeCash
Capital Owned40%
Capital Bid For30%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Renewable Energy Equipment

Private

Friendly

Minority

Belgium

renewable energy

Acquisition

Domestic

Single Bidder

Completed

Synopsis

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Korys, an investment company, completed the acquisition of an additional 30% stake in Virya Energy, a sustainable energy sources company, from Colruyt Group, a Belgian family-owned retail corporation, for €180m. “This shift in ownership structure is a positive and natural development for Virya Energy. Korys’ commitment to sustainability aligns perfectly with our vision to develop more than 3GW of production capacity across the full energy value chain over the next 10 years. With their increased support, we can confirm our ambition to be a driving force in the transition to a sustainable energy future in Belgium and beyond,” Paul Tummers, Virya Energy CEO.

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