reports
- Kristof Samoy
- Livio Luyten
- Wim Lewi
- Livio Luyten
Sofina Sofina launches €545 rights offering
This morning Sofina announced a rights offering of up to €545.6m, issuing a maximum of 2,446,428 new shares at €223.00 per share. This represents a 12.1% discount to the TERP of €253.61 (based on the 23 September 2025 closing price of €255.80). The subscription ratio is 1 new share for 14 preferential rights. The proceeds aim to enhance Sofina's investment platform, enabling increased capital deployment, larger investment tickets, and flexibility in exit timing. Sofina's reference shareholder (c...
- ING Helpdesk
- Guy Sips
- Hilde Van Boxstael
- Jacob Mekhael
- Livio Luyten
- Lynn Hautekeete
- Mathijs Geerts Danau
- Michiel Declercq
- Livio Luyten
Sofina TikTok deal nears, clearing political overhang on Sofina's larg...
The WSJ reported that ByteDance, parent of TikTok, is nearing a deal to resolve U.S. regulatory concerns. A consortium led by Oracle, Silver Lake, and Andreessen Horowitz are set to control 80% of its U.S. business under a U.S.-China framework. The arrangement also includes an American-dominated board and Oracle handling U.S. user data in Texas, while licensing ByteDance's algorithms. Sofina acquired a minority stake in ByteDance in 2016 through a special purpose vehicle alongside other investor...
Transparency Declaration Notification
Transparency Declaration Notification Regulated information In accordance with the requirements of Article 14 of the Belgian Law of May 2, 2007 on the disclosure of significant shareholdings in listed companies, Ontex Group NV (“Ontex”) discloses the notification of significant shareholdings that it has received on September 15, 2025. On September 11, 2025, Brandes investment partners, L.P., detained 8,251,487 Ontex voting securities, representing 10.02% of voting rights, and thereby crossed upward the threshold of 10%. Enquiries Investors: Geoffroy Raskin Med...
Kennisgeving transparantieverklaring
Kennisgeving transparantieverklaring Gereglementeerde informatie In overeenstemming met de vereisten van artikel 14 van de Belgische wet van 2 mei 2007 over de openbaarmaking van belangrijke deelnemingen in emittenten, maakt Ontex Group NV (“Ontex”) de verklaring van belangrijke deelnemingen bekend die op 15 september 2025 werd ontvangen. Op 11 september 2025 bezat Brandes investment partners, L.P., 8.251.487 stemrechtverlenende effecten van Ontex, wat 10,02% van de stemrechten voorstelt. Zij hebben daarmee de drempel van 10% opwaarts overschreden. Inlichtingen Investeerders Geoffroy R...
- Anis Zgaya
- Bruno Cavalier
- Louis Boujard
- CFA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
VIRP VIRBAC SA
RBT ROBERTET SA
KER KERING SA
ELIS ELIS SA
01913 PRADA S.P.A.
MONC MONCLER SPA
ONTEX ONTEX GROUP N.V.
BCHN BURCKHARDT COMPRESSION HOLDING AG
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
GRP GREENCOAT RENEWABLES
SFQ SAF-HOLLAND SE
FLOW FLOW TRADERS LTD
- Anis Zgaya
- Bruno Cavalier
- Louis Boujard
- CFA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
VIRP VIRBAC SA
RBT ROBERTET SA
KER KERING SA
ELIS ELIS SA
01913 PRADA S.P.A.
MONC MONCLER SPA
ONTEX ONTEX GROUP N.V.
BCHN BURCKHARDT COMPRESSION HOLDING AG
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
GRP GREENCOAT RENEWABLES
SFQ SAF-HOLLAND SE
FLOW FLOW TRADERS LTD
- Robert Jan Vos
- Usama Tariq
- Guy Sips
- Livio Luyten
- Thibault Leneeuw
- ING Helpdesk
- Hilde Van Boxstael
- Kristof Samoy
- Livio Luyten
- Lynn Hautekeete
- Michiel Declercq
- Guy Sips
- Hilde Van Boxstael
- Kristof Samoy
- Livio Luyten
- Michiel Declercq
- Thibault Leneeuw
- Wim Hoste
- Wim Lewi
Dynamic Top Pick List Update September: Adding AB InBev and Exor
In this September update we added 2 stocks to the KBC Securities Dynamic Top Pick List : We added AB InBev after the share price weakened post-2Q results. ABI's 2Q volumes fell 1.9% organically, below expectations, mainly due to a 9% drop in Brazil where a price hike led to temporary market share loss. However, strong revenue per hl growth (+4.9%) drove a 6.5% organic EBITDA increase, with 1H growth at +7.2%, near the top of FY guidance (+4–8%). AB InBev, the world's largest brewer, generates ...
- Maxime Stranart
- Reg Watson
- CFA
Ontex/1H25 postview: weak 1H25 and profit warning/HOLD
We reiterate our HOLD rating on Ontex but lower our target price from €8.2 to €7.4 following the group's profit warning in 1H25, leading to our Adj. EBITDA forecast to drop by 12% in 2025F. We continue to expect Ontex's heavy restructuring plan to remain a drag on short-term operational performance, despite an elevated capex spend over the year. At €7.4, Ontex would trade at 6.2/5.2x EV/Adj. EBITDA 2025/26F (incl. Factoring), a discount of 45-50% to branded Hygiene Products peers we deem warrant...
Transparency Declaration Notification
Transparency Declaration Notification Regulatory information In accordance with the requirements of Article 14 of the Belgian Law of May 2, 2007 on the disclosure of significant shareholdings in listed companies, Ontex Group NV (“Ontex”) discloses the notifications of significant shareholding by the Goldman Sachs Group, Inc., that it has received on August 19, 20, 21 and 22, 2025. On August 13, 2025, the Goldman Sachs Group, Inc., detained 94,311 Ontex voting rights and 2,425,641 equivalent financial instruments, representing 3.06% of voting rights combined. The combined holding thereb...
Kennisgeving transparantieverklaring
Kennisgeving transparantieverklaring Gereglementeerde informatie In overeenstemming met de vereisten van artikel 14 van de Belgische wet van 2 mei 2007 over de openbaarmaking van belangrijke deelnemingen in emittenten, maakt Ontex Group NV (“Ontex”) de verklaringen van belangrijke deelnemingen door Goldman Sachs Group, Inc., bekend die op 19, 20, 21 en 22 augustus 2025 werden ontvangen. Op 13 augustus 2025 bezat de Goldman Sachs Group, Inc., 94.311 stemrechten en 2.425.641 equivalente financiële instrumenten van Ontex, wat gecombineerd 3,06% van de stemrechten uitmaakt. De gecombineerd...
- Livio Luyten
Sofina Cognita €6bn deal collapse impacts Sofina's 13.4% stake
A €6bn private equity deal for Cognita, a UK-based private school operator and one of Sofina's key holdings, is on the brink of collapse. Jacobs Capital, the majority shareholder, aimed to sell a significant stake in Cognita in Apr'25. The stake sale to the primary bidders, Blackstone and CVC, is now unlikely to proceed, according to the Financial Times. The deal's failure stems from a valuation mismatch and the UK's new 20% VAT on private school fees, which has introduced market uncertainty. In...
Transparency Declaration Notification
Transparency Declaration Notification Regulated information In accordance with the requirements of Article 14 of the Belgian Law of May 2, 2007 on the disclosure of significant shareholdings in listed companies, Ontex Group NV (“Ontex”) discloses the notifications of significant shareholdings by the Goldman Sachs Group, Inc., that it has received on August 13 and 14, 2025. On August 7, 2025, the Goldman Sachs Group, Inc., detained 2,559,642 Ontex voting rights or equivalent financial instruments, representing 3.11% of voting rights, and thereby crossed upward the threshold of 3.0%. On Au...
Kennisgeving transparantieverklaring
Kennisgeving transparantieverklaring Geregelementeerde informatie In overeenstemming met de vereisten van artikel 14 van de Belgische wet van 2 mei 2007 over de openbaarmaking van belangrijke deelnemingen in emittenten, maakt Ontex Group NV (“Ontex”) de verklaringen van belangrijke deelnemingen door Goldman Sachs Group, Inc., bekend die op 13 en 14 augustus 2025 werden ontvangen. Op 7 augustus 2025 bezat Goldman Sachs Group, Inc., 2.559.642 stemrechten of equivalente financiële instrumenten van Ontex, wat 3,11% van de stemrechten voorstelt. Zij hebben daarmee de drempel van 3,0% opwaarts ...
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