Etablissementen Franz Colruyt NV (EFC1.SG)

Colruyt to sell part of stake in Virya Energy and entirety of Dreambaby

The Virya deal is based on an equity value of about 600 million euros ($650.64 million), Colruyt said in a statement, adding it would book a cash inflow of about 180 million in its 2023/24 financial year. Virya - founded by Colruyt and Korys in 2019 - is active in developing, constructing and operating renewable energy infrastructure with a focus on onshore wind.