D’Ieteren Taps Rothschild to Explore Belron Stake Options

D’Ieteren Group has appointed Rothschild & Co. to explore strategic options for its controlling stake in Belron, a global car glass replacement and repair business, according to people familiar with the matter.

Belgium-based D’Ieteren, which owns a 50.3% stake in Belron, is considering options including an initial public offering for the company in the US or on an European exchange, the people said, asking not to be identified as the details aren’t public. Belron could be valued in a stock market listing at upwards of $30 billion and close to $40 billion, they said.