☢️ BElan is a Canadian family-owned company and a world leader in industrial valves for nuclear reactors.
🤝 The company was once up for sale, attracting interest from 90 companies before a French government veto.
🔄 BElan restructured and agreed to sell its French subsidiaries to a well-known French nuclear energy company.
💼 The company also resolved a balance sheet issue related to asbestos liabilities.
@Javierlinares:
“BElan is a Canadian family company that is the world leader in industrial valves installed in all nuclear reactors, including modular ones. The family put the company up for sale, receiving interest from 90 companies. Flower, an American company, offered $13 per share when it was trading at $6. However, BElan has two subsidiaries in France, and the French government vetoed the operation due to national strategy concerns, causing the stock to return from $13 to $6. The company restructured, hired a new CEO, and sought another buyer to avoid regulatory issues. Recently, they announced an agreement for a well-known French nuclear energy company to buy the two French subsidiaries. Additionally, they reached an agreement to remove asbestos liabilities from the balance sheet. This company was trading at four times EBITDA, while the operation was done at eight times, and American comparables trade at 15 times.”
Watch the exact part of the video where Quim talks about BElan here:
View the video on YouTube.
Read more about BElan and its market position at the following link. BLOG.
