The week in business: 17 February
AS Monaco acquires Cercle Brugge, an unstaffed building products outlet in Zaventem and an overview of the rest of the week's company news
Building products – Wienerberger
Football – Cercle Brugge
Bruges’ football club, playing in the second tier of the Belgian league, is being sold to Association Sportive Monaco, current leader of the French championship. AS Monaco is owned by Russian magnate Dmitry Rybolovlev.
Food – Colruyt
The family holding company of the country’s leading supermarket has acquired Ojah, the Dutch producer of the Plenti range of meat-free soy and vegetable-based proteins.
Culture – Katoen Natie
The Antwerp logistics company is investing €30 million in partnership with multi-media entertainment giant Studio 100 to build a state-of-the-art performance and concert hall in a 15,000 square-metre warehouse in Beveren, on the left bank of the Scheldt. Studio 100’s musical 40-45 will be staged in the hall in 2018.
Retail – Würth
The German building products wholesaler has opened a store with no staff in Zaventem, its first in Europe. Wholesale customers can register to access the shop 24-hours a day, scan their own purchases and receive an invoice later.
Banking – KBC
Flanders’ largest financial institution has identified Ireland as one of its next growth markets. The bank has plans to invest heavily in its Irish activities to build its market share to 10%. For many years, KBC Ireland had been one of the bank’s problems, but it now believes it can successfully implement its business model there despite the potential impact of Brexit.
Marketing – Gemaco
A leader in the development and manufacturer of promotional items and advertising gifts, the Mechelen-based Gemaco is being sold to Germany’s Capiton investment fund.