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. The Monaco Yacht Show 09
    Yachtie

    News: The Monaco Yacht Show 09

    July 24, 2009 by Yachtie

    The Monaco Yacht Show 09 Magazine: http://www.monacoyachtshow.com As a logical continuation of its commitment since 2005 to protecting the environment, the Monaco Yacht Show is now increasing its involvement in …


  2. The Top 100 Superyachts 2010
    Yachtie

    News: The Top 100 Superyachts 2010

    June 12, 2009 by Yachtie

    For the Top 100 Superyachts in 2010, there are only six new yachts in the world’s largest yacht list, down from the 15 mega yachts which joined the ranks in …


  3. Feadship launches Motor yacht TRIDENT
    john

    News: Feadship launches Motor yacht TRIDENT

    May 29, 2009 by john

    The motor yacht TRIDENT was launched to thrills of excitement at the Feadship Royal Van Lent shipyard in Holland. M/Y TRIDENT measures 65.22m (214ft) in length and she is a …