| Type | Public (LuxSE: REIN) |
|---|---|
| Founded | 20 October 2008 |
| Headquarters |  35, boulevard Prince Henri, Luxembourg City, Luxembourg |
| Area served | Luxembourg |
| Key people | Johann Rupert, Executive Chairman |
| Industry | Finance |
| 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]
References
- ^ "Reinet Formation". Reinet Investments. http://www.reinet.com/about-reinet/reinet-formation.html. Retrieved 2009-01-18.
- ^ "Index / bond yield card". Luxembourg Stock Exchange. http://www.bourse.lu. Retrieved 2009-01-18.
- ^ "Historical Share Prices". Yahoo!. http://uk.finance.yahoo.com/q/hp?s=BATS.L. Retrieved 2009-01-18.
- ^ "GBP to EUR (GBPEUR=X)". Yahoo!. http://uk.finance.yahoo.com/echarts?s=GBPEUR=X#chart1:symbol=gbpeur=x;range=1y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined. Retrieved 2009-01-18.
- ^ "About Reinet Investments S.C.A". Reinet Investments. http://www.reinet.com/about-reinet.html. Retrieved 2009-01-18.
- ^ Saitto, Serena (9 January 2009). "Lehman Said to Be in Talks to Sell Fund to Managers, Reinet". Bloomberg L.P.. http://www.bloomberg.com/apps/news?pid=20601087&sid=aPMFewgUfgD0&refer=home. Retrieved 2009-01-18.
See also
External links
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