Nieuwe Steen Investments' founder and chairman Jo Roelof Zeeman has sold its 12% stake to Israel-based Habas Group. Zeeman has raised EUR 95 mln from the sale at EUR 22.24 per share. The interest will be transferred into a new Dutch subsidiary company of Habas, NSI's ceo Anka Reijnen said.
Nieuwe Steen Investments' founder and chairman Jo Roelof Zeeman has sold its 12% stake to Israel-based Habas Group. Zeeman has raised EUR 95 mln from the sale at EUR 22.24 per share. The interest will be transferred into a new Dutch subsidiary company of Habas, NSI's ceo Anka Reijnen said.
The company announced two weeks ago it was to set up a strategic cooperation with Habas, but ultimately the Israeli bid was not accepted by NSI's shareholders. Habas offered EUR 21.90 per share for a stake of at least 20%, but it was also considering a full bid for the listed company. Therefore, Zeeman decided to sell his stake in a private transaction, while Habas stepped back from discussions with NSI.