Hema Chain to be sold to Belgian investor

The Dutch chain of stores, Hema, is soon to become Belgian, according to information in the Dutch newspaper, De Telegraaf, reported on Wednesday by De Standaard.
Brussels investor Core Equity Holdings is reportedly close to concluding an acquisition agreement, the Dutch newspaper reported four sources from the financial and distribution sectors as confirming. An oral accord on the broad lines of the operation have been reached, according to two of the sources. The actual signature should occur in the next few weeks, the other sources said.

For Hema, which is heavily indebted, the takeover by a Belgian investor could end an unhappy marriage with current owner Lion Capital. The British company bought Hema (Hollandsche Eenheidsprijzen Maatschappij Amsterdam) for 1.1 billion euros in 2007 and has failed thus far to find an acquirer for it

Both Hema and the Belgian camp have refused to answer questions on the reported purchase.

The author: Margareta STROOT

Margareta Stroot, a multi-talented individual, calls Brussels her home. With a unique blend of careers, she balances her time as a part-time journalist and a part-time real estate agent. Margareta's deep-rooted knowledge of the city of Brussels, where she resides, has proven invaluable in both of her roles. Her journalism captures the essence of the city, while her real estate expertise helps others find their perfect homes in the vibrant Belgian capital.

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