Beter Bed Holding announces sale and lease-back of the distribution centers in Hoogeveen and Nieuw-Vennep
06 Dezembro 2019 - 11:00AM
Beter Bed Holding announces sale and lease-back of the distribution
centers in Hoogeveen and Nieuw-Vennep
Highlights:
- Beter Beheer B.V., the wholly owned subsidiary of Beter Bed
Holding, has entered into two separate sale-and-leaseback
transactions for its properties in Hoogeveen and Nieuw-Vennep for a
cash consideration of in total € 5.1 million. The total book profit
on these transactions is circa € 1.6 million after tax.
- Together with the previously announced sale-and-leaseback
transaction of the property in Uden (Linie 27), these transactions
show that the Benelux operations of Beter Bed Holding will continue
operating in its current logistical structure.
- These transactions contribute to the improvement of the net
debt position of Beter Bed Holding, because the proceeds will be
used to repay bank debt. Together with the divestment of Matratzen
Concord that was completed on 2 December, these transactions are
important steps for the transformation of Beter Bed Holding.
John Kruijssen, CEO of Beter Bed
Holding, comments:“With these sale-and-leaseback
transactions and the divestment of Matratzen Concord we completed
major milestones that were identified to turnaround Beter Bed
Holding. Especially after the divestment of Matratzen Concord,
Beter Bed Holding transformed into a flexible company that is a
market leader in the Benelux. As a result of the completed
transactions, the net debt level of Beter Bed Holding substantially
improved. This will enable us to further accelerate the growth of
the continuing operations. As previously announced, we will
organise a Capital Markets Day to present our refined strategy and
ambitions for the transformed company in April 2020.”
Beter Bed Holding was advised by Colliers
International and De Brauw Blackstone Westbroek.
Profile Beter Bed Holding is a
European retail organisation that offers its customers the best
quality rest at affordable prices. The organisation’s aim is to do
this through its international retail brands, through its own
wholesaler operation DBC International and, at an increasingly
relevant share, through Digital channels.
For more information
John
Kruijssen
Hugo van den Ochtend
CEO CFO
+31 (0)413
338819
+31 (0)413
338819
+31 (0)6
13211011
+31 (0)6
25746309
john.kruijssen@beterbed.nl
hugo.vandenochtend@beterbed.nl
Please click on the link below for the PDF of the press release.
Press photos can be downloaded here.
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