Garden S.à r.l. (Garden) has acquired full ownership of Belgian fresh produce company Greenyard, securing 100% of the shares after the close of its takeover bid.
Garden S.à r.l. is a holding company created to consolidate the shares owned by the Deprez family – the founders of Greenyard.
The simplified squeeze-out bid, launched by the Garden to acquire the remaining shares of Greenyard, commenced on 14 August 2025 and closed on 4 September 2025.
In this period, a total of 1,362,295 additional shares of Greenyard were tendered, representing 2.64% of the total outstanding shares.
All shares not tendered by the end of the acceptance period are deemed by operation of law to have been transferred to the Garden, the company added.
Private Company
At the close of trading on 4 September, all Greenyard shares were delisted from Euronext Brussels and the company will now operate as a privately held fruit and vegetables firm.
Payment of the offer price of €7.40 per share for shares tendered during the squeeze-out bid was made on 5 September.
The funds required to pay the offer price for the non-tendered shares have been deposited with the Bank for Official Deposits (Deposito-en Consignatiekas), the company noted.
In April 2025, the Belgian firm announced that it received a voluntary and conditional takeover bid in cash for all shares in Greenyard not already owned by Garden or persons affiliated to it.
In May of this year, Greenyard reported a 5.1% increase in like-for-like sales to €5.3 billion in its full financial year 2024/25, driven by volume growth of 2.9% and price increases of 1.3%.
The company saw its adjusted EBITDA drop 1.9% year on year to €183 million from €186.5 million in 2023 as lower margins in the Long Fresh and Fresh segments and marketing expenses weighed.
Comments are closed.