Media group Roularta to delist as Brussels stock exchange struggles to attract new listings

The De Nolf family, founders and majority owners of Roularta Media Group, has launched a takeover bid to delist the company from the Brussels Stock Exchange, marking the latest in a series of exits from Euronext Brussels. The move highlights the ongoing difficulties for the exchange, which has seen a decline in new listings over the past decade.

The De Nolf family, which already controls 72.3% of Roularta, is offering €15.50 per share, a 24.5% premium to the last closing price. If successful, the deal would end Roularta's 27-year presence on the stock market. The takeover, valued at €215 million, is backed by West Investment Holding, owned by the Claeys family, which holds 3.75% of the shares. Roularta itself owns 11.57% of the shares, leaving only 12.4% in public hands.

Key player in Belgian media

Founded in 1954, Roularta is best known for publishing magazines such as Knack, Trends and Flair, and is co-owner of Mediafin, publisher of the financial newspaper De Tijd. The group also operates Kanaal Z/Canal Z and has a presence in the Netherlands. Despite a 1% decline in revenues to €320.3m in 2024, Roularta's profitability improved, with EBITDA rising to €27.1m and net profit up 158% to €6.1m.

Website preview
Flemish publishers generate increasing media concentration at home and abroad
The Flemish publishers DPG Media and Mediahuis posted net profits of 228 million euro and 117 million euro respectively in 2021. This is not...
belganewsagency.eu

Brussels stock exchange struggles

Roularta's delisting reflects a wider trend of Flemish family-owned companies withdrawing from Euronext Brussels. Many companies that went public in the late 1990s have since returned to private ownership, including brewer Duvel Moortgat, VPK Packaging and PET solutions specialist Resilux.

There have also been few new initial public offerings (IPOs) - private companies offering their shares to the public for the first time on a stock exchange - in recent years. Excluding corporate spin-offs, the last major listings were Azelis in September 2021 and Onward Medical in October 2021. However, renewable energy company EnergyVision is expected to float soon, raising hopes of renewed investor interest in the Brussels market.

 

#FlandersNewsService | Illustration shows the editorial and printing floors of the international multimedia group Roularta © BELGA PHOTO KURT DESPLENTER


Related News

Website preview
Flemish publishers reach licensing deal with Google for news articles
Flanders' leading publishers have reached a licensing agreement with Google for their news articles, the American tech giant has announced.
belganewsagency.eu
Website preview
Flemish media group Mediahuis acquires Euractiv
The Flemish media group Mediahuis has acquired Euractiv, the pan-European news brand focusing on coverage of European Union policies, it announced...
belganewsagency.eu

 

 

Share

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

About belganewsagency.eu

Belga News Agency delivers dependable, rapid and high-quality information 24 hours a day, 7 days a week, from Belgium and abroad to all Belgian media. The information covers all sectors, from politics, economics and finance to social affairs, sports and culture, not to mention entertainment and lifestyle.

Every day, our journalists and press photographers produce hundreds of photos and news stories, dozens of online information items, plus audio and video bulletins, all in both national languages. Since the end of March 2022 English has been added as a language.

For public institutions, businesses and various organisations that need reliable information, Belga News Agency also offers a comprehensive range of corporate services to meet all their communication needs.

Contact

Arduinkaai 29 1000 Brussels

www.belganewsagency.eu