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Van Breda’s Offer for Antwerps Beroepskrediet to Start March 29

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.

To contact the reporter on this story: John Martens in Brussels at jmartens1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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