BDO advised D'Ieteren selling its VW-Dealer Verellen Geel to Deckx Team
10 September 2018
Belgian market leader in vehicle distribution with more than 125.000 new vehicles delivered in 2017, D’Ieteren Auto is since 2015 engaged in a major restructuring of its Belgian distribution network. Consistently with the restructuring, it was specified in the Group’s 2017 Activity Report that mergers and acquisitions were proceeding smoothly, and that most of the planned mergers should be completed by end 2018, with the remainder by mid-2019. Implementing its market area strategy, Group D’Ieteren has sold VW-Dealer Verellen Geel to Deckx Team (Turnhout) earlier this year. During the sale process, BDO Corporate Finance acted as financial advisor to D’Ieteren.