Group Bertrand launches a TAKEOVER bid to recover the shares of Groupe Flo

The appetite comes with eating for Group Bertrand. The French giant of the restoration, among other owner of the parisian brasseries Lipp, Au Pied de Cochon, La

Group Bertrand launches a TAKEOVER bid to recover the shares of Groupe Flo

The appetite comes with eating for Group Bertrand. The French giant of the restoration, among other owner of the parisian brasseries Lipp, Au Pied de Cochon, La Coupole, Le Procope, and Bofinger, will launch a tender offer to recover the shares of Groupe Flo that he has not yet. The cost of the operation would amount to more than € 36 million. This announcement comes after the purchase of a block of 6.2% of Flo. Groupe Bertrand, which carries its participation in 77.2 per cent, is considering the delisting of Flo.

" READ ALSO - After Hippopotamus, the Group is Bertrand ready to swallow Léon de Bruxelles

This acquisition is part of the commitment of the Group Bertrand "to engage in the recovery plan Flo, in a more efficient manner". Groupe Flo, for its part, is going to "reunite as soon as possible its board of directors to review the follow up to the advertised offer by Groupe Bertrand".

Customary adjustments signs loss of speed

Launched in 2017, the rescue Group Flo started with the purchase of 70% of the shares. The group led by Olivier Bertrand then resold the brand Tablapizza before to focus its efforts on Hippopotamus. A strategy that has paid off, as the sign of steakhouse seems to pop its head out of the water after having experienced some difficult years.

" READ ALSO - Group Bertrand is invited to the table of Elior

Group Bertrand, who also owns the tea room Angelina, and the franchise of Burger King in France, is customary adjustments signs loss of speed. In 2016, he has redeemed Quick for 700 million euros, and the brasseries Blanc Brothers for $ 80 million. On 26 July, it announced the purchase of Léon de Bruxelles.

By speeding up the pace of its acquisitions in all segments, from fast food to luxury, group to the annual turnover of 1.8 billion euros, wants to expand its card. In the second position on the market in France behind Mcdonald's, Groupe Bertrand still doesn't seem quite full.

Updated Date: 07 August 2019, 00:00

Kathleen Lees

Lees


Contact Details

You need to login to comment.

Please register or login.

RELATED NEWS