Reinet Investments

Reinet Investments S.C.A.
Public
Traded as LuxSE: REIN
Industry Finance
Founded 20 October 2008
Headquarters 35, boulevard Prince Henri, Luxembourg City, Luxembourg
Area served
 Luxembourg
Key people
 Johann Rupert, Executive Chairman
Services Investment, private equity
Website http://www.reinet.com/

Reinet Investments S.C.A. is a Luxembourg-based investment vehicle that was demerged from the Swiss luxury goods company Richemont on 20 October 2008.[1] It is listed on the Luxembourg Stock Exchange (LuxSE), and is the largest component of the LuxX Index, with a 24.5% weighting as of January 2008.[2]

Upon formation, Reinet controlled €350m in cash, €50m in miscellaneous investments, and a 4% stake (84.3 million shares) in British American Tobacco. On the first day of Reinet trading, BAT's share price opened at £17.31,[3] valuing Reinet's stake at £1.46bn (€1.88bn).[4] The formation of Reinet allowed the Rupert family to spin off all non-luxuries related activities, and allow Richemont to focus purely on its core investments.[5]

In January 2009, Reinet entered into negotiations to purchase the private equity business of Lehman Brothers.[6] It is now known as Trilantic Capital Partners.

See also

References

  1. ↑ "Reinet Formation". Reinet Investments. Retrieved 2009-01-18.
  2. ↑ "Index / bond yield card". Luxembourg Stock Exchange. Retrieved 2009-01-18.
  3. ↑ "Historical Share Prices". Yahoo!. Retrieved 2009-01-18.
  4. ↑ "GBP to EUR (GBPEUR=X)". Yahoo!. Retrieved 2009-01-18.
  5. ↑ "About Reinet Investments S.C.A". Reinet Investments. Retrieved 2009-01-18.
  6. ↑ Saitto, Serena (9 January 2009). "Lehman Said to Be in Talks to Sell Fund to Managers, Reinet". Bloomberg L.P. Retrieved 2009-01-18.

External links