GIB board accepts Ackermans-CNP bid

GIB, the Belgian retail holding, said its board had accepted a bid jointly made by holding companies Ackermans & Van Haaren and CNP to acquire GIB. CNP agreed last week to join Ackermans' bid of € 43 euros per share to avoid an expensive fight over the retail holding. GIB's most significant assets are € 1.300 million in cash, a 57.9 % stake in fastfood chain Quick, which operates over 400 hamburger restaurants in the Belux and France, and a number of smaller holdings. 02-10-2002
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BENOEMINGEN
Cyrille Littler Cyrille Littler
Managing Director Belgi... OVERTOOM
Erik Jonnaert Erik Jonnaert
Vice-President externe... PROCTER&GAMBLE AZIE