Brockhaus Technologies AG (BKHT.DE) said on Tuesday that it has decided to sell around 52% stake in BLS Beteiligungs GmbH, or Bikeleasing, to Decathlon Pulse SAS, a unit of the French sports brand Decathlon.
The purchase deal provides for an enterprise valuation of Bikeleasing of EUR 525 million.
Based on the consolidated figures of the Bikeleasing Group as of September 30, an illustrative calculation results in a pro rata purchase price attributable to Brockhaus Technologies' interests in BLS Beteiligungs of around EUR 240 million.
Marco Brockhaus, CEO of Brockhaus Technologies, said: "We are very pleased with the successful transaction. It enables us to place Bikeleasing in the best possible hands while realizing value for our shareholders."
The purchase price for the shares in BLS Beteiligungs will be fixed as of the closing date, expected in the course of first half of 2026, taking into account the cash available, financial debt, and others.
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