CVC explores investment in Belfius ahead of possible IPO – report

Private equity steadfast CVC is considering an concern successful Belgian state-owned slope Belfius, according to Reuters sources, according to Reuters sources.

The Belgian authorities is said to beryllium preparing to offload betwixt 20% and 30% of its holding arsenic it looks to make billions of euros to enactment defence funding.

Sources revealed that CVC is among those expressing interest, and different parties specified arsenic banks, organization investors, and sovereign wealthiness funds whitethorn besides beryllium contenders for a involvement successful Belfius.

Based connected projected nett net of €1.16bn ($1.3bn) successful 2025, 1 root suggested the slope could beryllium valued astatine astir €10bn.

Belfius was created aft the Belgian authorities acquired Dexia’s section banking operations for €4bn during the fiscal situation successful 2011.

When approached by Reuters, representatives for CVC, Belfius, and the Belgian authorities declined to supply comment.

Lazard is advising the authorities connected its strategical options for Belfius, which could see an archetypal nationalist offering astatine a aboriginal date.

The Belgian authorities has pledged to rise defence expenditure to 2% of GDP by 2029, successful enactment with existing NATO requirements. At present, Belgium allocates astir 1.3% of its GDP to defence, a fig that has not antecedently reached the 2% threshold.

In June, NATO subordinate states agreed to people a further increase, aiming for full defence spending to scope 5% of GDP by 2035.

Lazard did not respond to requests for comment.

At an estimated valuation of astir €10bn, Belfius’ publication worth would basal astatine 0.8 times its shareholder equity of €12.5bn euros arsenic of December 2025.

"CVC explores concern successful Belfius up of imaginable IPO – report" was primitively created and published by Retail Banker International, a GlobalData owned brand.

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