Warning: Attempt to read property "post_type" on null in /home/eswjeffditoro/public_html/wp-content/themes/macrospec-esw-child/inc/custom-functions.php on line 997
Dorel completes bicycle operation sale to Pon Holdings for US$810m - Endurance Sportswire
Join

  • No products in the cart.

×

Dorel completes bicycle operation sale to Pon Holdings for US$810m

January 6, 2022

Dorel Industries has completed the previously-announced sale of Dorel Sports, its bicycle segment, to Pon Holdings, the Dutch mobility group, for US$810 million.

The transaction consisted of the sale by Dorel of 100% of the shares of its indirect wholly-owned subsidiary companies comprising Dorel Sports as well as certain related assets. Dorel received net proceeds from the sale of approximately US$735 million, which it will use for payment of a special dividend of US$12.00 per share and to reduce indebtedness. Endurance.biz


Warning: foreach() argument must be of type array|object, false given in /home/eswjeffditoro/public_html/wp-content/themes/macrospec-esw-child/single.php on line 29

Notice: Function WP_Scripts::add was called incorrectly. The script with the handle "woocommerce-google-analytics-integration-data" was enqueued with dependencies that are not registered: woocommerce-google-analytics-integration. Please see Debugging in WordPress for more information. (This message was added in version 6.9.1.) in /home/eswjeffditoro/public_html/wp-includes/functions.php on line 6131