Deals
Moleskine Owner D’Ieteren’s Holding Family Rejigs Stake in Group
- D’Ieteren’s shares fall as much as 9.7% in Brussels trading
- Company to pay €4 billion dividend mostly financed with debt
This article is for subscribers only.
Shares of Belgian holding company D’Ieteren Group slumped after a member of its controlling family began selling its stake and the company said it would pay almost €4 billion ($4.4 billion) in a special dividend to shareholders using mostly borrowed money.
The stock sank as much as 9.7%, the most in two and a half years, and was trading 7.1% lower at €210.00 at 4:15 p.m. in Brussels.