LVMH Completes Belmond Buy
Belmond’s shareholders get $25 per share
LVMH Moët Hennessy Louis Vuitton SE has completed its acquisition of Belmond Ltd. The transaction was first announced on December 14, 2018, and received approval from Belmond’s shareholders on February 14, 2019.
Under the terms of the $3.2 billion enterprise value transaction, Belmond’s shareholders received $25 per Class A share in cash. With the completion of the deal, Belmond’s Class A common shares will no longer be listed on the New York Stock Exchange.
At the time of the deal, Belmond owned, partly owned or managed 45 luxury hotel, restaurant, train and river cruise properties.
Photo of Hotel Cipriani suite: Courtesy of Belmond Ltd.