Stones NV has acquired SVK NV
Stones NV has acquired 100% of the outstanding shares of SVK NV through a cash tender offer and subsequent delisting.
Stones NV is a recently incorporated company controlled by the Aertssen and Beerens families.
Founded in 1905, SVK specializes in the production of slates, facade slabs and corrugated sheets made from fiber cement. In addition to its role as a manufacturer and supplier of fiber cement building materials, SVK holds a license to refill its former clay pits — which were used for mining raw materials for brick production until 2012 — with clean soil. For this purpose, SVK charges dumping fees for each unit of pure soil deposited. Additionally, SVK leases some of the building and land on its company site.
Oaklins’ team in Belgium acted as the exclusive financial advisor to the bidding company, Stones NV.
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