LVMH: finalises acquisition of Belmond Ltd

(CercleFinance.com) - LVMH announces that it has completed the acquisition of Belmond Ltd, a group that owns or operates 45 hotels, restaurants, trains and river cruises, a deal it announced on 14 December 2018, which was then approved by Belmond shareholders on 14 February.


The transaction gives an enterprise value of 3.2 billion dollars, with Belmond shareholders receiving 25 dollars in cash per Class A share. As a result of this acquisition, Belmond Class A shares will no longer be listed on the New York stock market.


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