D'Ieteren jumps on media report unit Belron is in early talks for IPO

D'Ieteren SA

19/01/2026 08:41

** Shares in Belgian holding group D'Ieteren IETB.BR rise around 8%, after media report its car glass repair unit Belron was in early talks for a 24-billion-euro ($27.90 billion) IPO

** Belron's executives met bankers in the past week ahead of starting the process to select advisers and bookrunners, with a listing possible towards the end of this year, FT reports

** Belron is 50.3%-owned by D'Ieteren and represented around 53% of the group's profit in H1 2025

** Degroof Petercam points to reduced leverage post-dividend recap, committed long-term shareholders and strong cash generation making it ideal for a listing

** Belron declined to comment while D'Ieteren did not immediately respond to a request for comment

** Shares in D'Ieteren, topping Belgian blue-chips index .BFX,  are on track for their best day in 13 months if gains hold

($1 = 0.8601 euros)