Lucas Bols launched its IPO earlier this year

Lucas Bols launched its IPO earlier this year

Ketel One co-owner the Nolet Group has become the largest shareholder in Dutch spirits and liqueurs company Lucas Bols. 

Nolet, which already owns a 3.48% share, has purchased a further 16.55% stake from the the private equity arm of Dutch bank ABN AMRO Capital (AAC). The move takes Nolet's share to 20.03%. 

AAC, which partnered with former Rémy executive board director Huub van Doorne in 2006, offloaded its 16.55% stake in Lucas Bols late last week. Having launched an IPO earlier this year, AAC sold its holding as disclosed in the IPO prospectus.

Subsequently, AAC's representative on Bols' board, Marc Staal has stepped down. “The supervisory board and the executive board wish to thank Mr Staal for his valuable contribution to the development of the company in the past years,” the company said today.

The group will announce its half-year results on 18 November. In full-year results, to the end of March, sales slipped by 1.3%.