As part of the restructuring of its portfolio of participating interests, Ventos S.A., a Luxembourg holding company listed on the Luxembourg stock exchange, has decided to sell its participating interest of 5.5% (400,000 shares) in Banque Degroof.

 

Ventos has sold its complete participating interest, in equal proportions, to the management of Banque Degroof and, in consultation with the latter, to the Compagnie du Bois Sauvage, for a total amount, of €78.7 million.

 

This will reinforce the stable shareholder structure of Banque Degroof, thereby facilitating the ongoing implementation of the bank's strategy.

 

Once this operation has been completed, the managerial structure of Banque Degroof - around Guimard Finance S.A. - will have consolidated its controlling interest (to 48.9%) and Compagnie du Bois Sauvage will own 17.3% of Banque Degroof.

 

This operation is subject to approval by the regulatory authorities.

 

 

The leading independent private bank in Belgium, Bank Degroof is specialised in asset managment and consulting. It offers its customers a comprehensive and integrated range of services: asset management, institutional management, market activities, corporate finance and credit and structuring activities. It has over 900 employees working in Belgium, France, the Netherlands, Spain, Luxembourg, Switzerland and Nassau.

 

Ventos S.A. is a company incorporated under the laws of Luxembourg. It is listed on the Luxembourg stock exchange and its main activity is to acquire participating interests in both listed and non-listed companies.