Oddo BHF - Stern Groep N.V. (STRN) Stern Groep : Negotiations with Hedin regarding the sale of Sterns core operational activities

Report

Oddo BHF

Hugo Lisboa

Stern Groep : Negotiations with Hedin regarding the sale of Stern's core operational activities

>Potential total offer value of € 103m – Dividend of € 14.75/sh proposed - Stern announced on Thursday that it has received an offer from Hedin Mobility Group, a Swedish auto dealer. The cash consideration to be paid by Hedin would be € 83m, while the total value of the transaction would be c. € 103m at enterprise value level. As the management board and supervisory board support the transaction, Stern intends to pay an extraordinary dividend of up to € 14.75 per shar...

10/12/2021 1 EN

Underlying

Stern Groep N.V.

Co. is a holding company. Co. operates dealerships in the general Amsterdam area. Co. operates Mercedes-Benz, Opel/General Motors, Ford, BMW, Chrysler, Fiat, Lancia, Alfa Romeo, land Rover, Volvo and Renault dealerships. Co. also operates Shell and BP fuel stations. Co. also owns bodywork repair shops in the Amsterdam area. Co. also provides automobile leasing services and insurance.

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NL0000336303 Euronext Amsterdam Netherlands

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Hugo Lisboa

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