Corporate and M&A

GBL’s investment in Canyon reportedly values the firm at €800m

2020-12-17T14:18:00

As previously reported, Groupe Bruxelles Lambert (GBL) has acquired a majority stake in Canyon Bicycles, the German direct-to-consumer brand of high-end bikes. According to the Financial Times, the deal gives Canyon an enterprise value of around €800 million including assumption of debt. The newspaper says GBL’s offer to acquire a ...

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