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IPO to value Club Brugge at €229 million

BV

Alamy | "We believe the best is still to come and we will therefore remain committed shareholders of the company as we look forward to continuing our great journey with Club Brugge," said chairman Verhaeghe.

The Belgium club on Wednesday launched the offering of 30 per cent share capital with a price range of between €17.5 and €22.5 per share.

Existing owners will hold at least 54 per cent of the shares after the offering is completed, dependant on the potential exercise of increase and over-allotment options.

Trading on Euronext Brussels is expected to take place on 26th March with Credit Suisse, J.P. Morgan and Berenberg acting as global coordinators for the offering.

17 March 2021 - 12:10 PM

By Emil Gjerding Nielson

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