Colruyt Group increases stake in Fiets! to 100%
(WorldNews Belgium)

PRESS RELEASE - Halle (Belgium) - 4 December 2019 17h45 CET Colruyt Group increases stake in Fiets! to 100% Colruyt Group has increased its stake in the Belgian specialist cycle shop Fiets! to 100%. Earlier this year, the group acquired a 75% majority stake in Fiets! and a call option to in time increase its stake to 100%. This investment fits with Colruyt Group`s ambition to respond to evolving consumer needs and to promote sustainable mobility. Colruyt Group sole owner of Fiets! Late March 2019, Fiets! and Colruyt Group decided to join hands to help the company successfully relaunch in Belgium. In consultation with the minority shareholders, Colruyt Group has now decided to...