World's oldest distiller brand Bols plans Dutch listing
Dutch distiller Lucas Bols on Thursday announced it was planning to list its shares on the Amsterdam stock exchange, a move expected to raise some 125 million euros for the world's oldest distiller brand.
"Lucas Bols, a 440-year-old leading global spirits player announces its intention to launch an initial public offering on the Euronext Amsterdam," the group said in a statement.
"Gross proceeds of the sale of new ordinary shares are expected to be around 125 million euros ($147 million) and will mainly be used to refinance the company and strengthen its financial position," Lucas Bols said.
Founded in 1575, the Amsterdam-based company had already become a multinational group by the 17th century through its extensive network on the back of the Dutch East India Company (VOC).
Today, the distiller produces more than 20 brands including Bols Liqueurs sold in more than 110 countries.
Last year it posted a turnover of 78.7 million euros and a gross profit of 47.6 million euros.
Lucas Bols said the listing "is expected to take place in the near future, subject to market conditions."
© 2015 AFP