Ackermans & van Haaren NV (ACKB) said Bank J. Van Breda & Co. NV’s 110 million-euro ($155 million) offer for Antwerps Beroepskrediet CVBA will start March 29 and end April 29 with payment due May 13.
The Antwerp, Belgium-based investment firm, which controls Van Breda through its Finaxis unit, disclosed the information in an e-mailed statement today.
Van Breda’s 490 euros-a-share offer for Antwerps Beroepskrediet, first disclosed on Jan. 31, trumped Credit Mutuel Nord Europe Belgium SA’s planned 410 euros-a-share offer for the closely held lender.
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