Nayarit to acquire an additional 16.7% stake in D’Ieteren Group from SPDG for €2bn.

Nayarit, a holding company of a Belgian family business, agreed to acquire an additional 16.7% stake in D’Ieteren Group, an international automotive company, from SPDG, a holding company of the Périer-D’Ieteren family, for €2bn. “The agreement between the family shareholders concentrates and anchors the long-term family foundation of the Group, including for the transition towards the future generations. This gives us stability for the decades to come. The proposed exceptional dividend would allow all shareholders to benefit from the value creation of the recent years. We will continue to build on our successes, actively supporting each of our businesses in their growth and development, strengthening our family of businesses going forward and creating value for all stakeholders,” Francis Deprez, D’Ieteren Group CEO.