Almanij to make buy-out bid for Gevaert.

Almanij, the Antwerp based holding, said it is launching a bid for the 21.22 % of Gevaert that it does not already own and will make a buyout bid if, after bid closure, it has acquired 95 % or more. Gevaert has been concentrating on investments in smaller and medium-sized companies in recent years and said that the declining interest of national and international investors for many Belgian shares since the consolidation of EU capital markets and the creation of Euronext has impacted on Gevaert's share. The limited turnover and availability of freely negotiable shares prompted the lack of interest among institutional investors.
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BENOEMINGEN
Philip Alliet Philip Alliet
Country Manager Belux e... AON RISK SOLUTIONS BELGIE
Lieve Picard Lieve Picard
Executive Management ACCORD GROUP
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