john

News: LVMH in talks to buy Dutch luxury yacht maker

September 29, 2008 by john
View large version of image: LVMH in talks to buy Dutch luxury yacht maker

PARIS, Sept 1 (Reuters) – French luxury group LVMH (LVMH.PA: Quote, Profile, Research, Stock Buzz) said on Monday it was in exclusive talks to buy Dutch yacht maker Royal van Lent whaich is in the business of yacht construction.

The talks with owner Egeria, a Dutch investment firm, are based on an acquisition price worth approximately 11 times net profit.

The shipyard markets luxury yachts which sell for an average 30 million euros ($44 million) each.

The estimated price equates to a transaction value of less than 500 million euros, a source familiar with the talks said. (Reporting by Nathalie Meistermann; Editing by Quentin Bryar)

Add a Related Photo | Add a Related Video 


No Comments - Share Your Thoughts

Leave a comment

You must be logged in to post a comment.

More LVMH in talks to buy Dutch luxury yacht maker Information:

  1. TAHITI YACHT CHARTER: Take Advantage of the Recent Tahiti Charter Tax Drop
    Yacht Charter

    News: TAHITI YACHT CHARTER: Take Advantage of the Recent Tahiti Charter Tax Drop

    November 12, 2014 by Yacht Charter

    Places not to be forgotten and memories of adventures to cherish forever is what you can expect from a Tahiti yacht charter in the South Pacific. Take advantage of the …


  2. Bering 75 Yacht by Bering Yachts
    black

    News: Bering 75 Yacht by Bering Yachts

    August 1, 2014 by black

    A semi-custom build approach allows for true customization of the interior layout and appointments. Bering 75 yacht can be configured in a variety of different ways depending on your particular …


  3. First Mulder 98 Flybridge yacht YN 1391 launched
    ss

    News: First Mulder 98 Flybridge yacht YN 1391 launched

    July 31, 2014 by ss

    The custom built interior of the new Mulder 98 Flybridge luxury yacht YN 1391 includes a spacious saloon, with a dining area for eight people. The galley on the port …