Finances Et Industries SA completed the acquisition of 2.19% stake in Sociéte de Services,de Participations,de Direction et d'Elaboration.
December 28, 2015
Share
Finances Et Industries SA offered to acquire remaining 9.16% stake in Sociéte de Services,de Participations,de Direction et d'Elaboration (ENXTBR:SPA) for €36.1 million in cash on September 13, 2015. Finances Et Industries will acquire remaining 0.38034 million shares for €95 per share in cash. As of December 29, 2015, Finances Et Industries acquired additional 6197 shares of SPA. Finances Et Industries now holds 93.03% stake in SPA. Conditions for the launching of a squeeze out bid are not fulfilled.
Pierre Walkiers, Frank Bayart and Frederik Covens of ING Corporate Finance acted as financial advisors to independent board members of Sociéte de Services,de Participations,de Direction et d'Elaboration. Cleary Gottlieb Steen & Hamilton LLP acted as a legal advisor in the transaction.
Finances Et Industries SA completed the acquisition of 2.19% stake in Sociéte de Services,de Participations,de Direction et d'Elaboration (ENXTBR:SPA) for €8.6 million on December 29, 2015. Finances Et Industries SA raised its stake to 93.03% from 90.84% in Sociéte de Services,de Participations,de Direction et d'Elaboration.
Spadel SA specializes in the production and marketing of soft drinks. The group also operates a spa (Thermes de Spa). The group's activity is organized essentially around two product families:
- natural mineral water: the largest mineral water producer in Benelux with brands notably including Spa Marie-Henriette, Spa Reine, Spa Barisart, Bru®, Devin, Wattwiller and Carola;
- lemonades, fruit syrups and flavored waters (brands Spa® Fruit, Spa® Duo and Spa® Touch).
At the end of 2022, the group had 5 production sites located in Belgium (2), France (2) and Bulgaria.
Net sales are distributed geographically as follows: Belgium/the Netherlands/Luxembourg (67.7%), Bulgaria (21.2%) and other (11.1%).
SPADEL SA 
