French company offers bid for Belgian fast food chain

French CDC Capital Investments has made a friendly offer for the Belgian-owned fast food chain Quick, VRT news reported Wednesday.

Quick is a major player on the fast food markets in Belgium, Luxembourg and France.

At present, Quick is controlled by GIB, which in turn is part of two holdings -- the Belgian financier Albert Frere's CNP and AvH.

GIB owns 58 percent of Quick's shares. The remaining 42 percent are listed on the Brussels Euronext Stock Exchange.

The French are offering 37.80 euros (47.60 U.S. dollars) per share, which is 23 percent more than their value at the close of trading on Tuesday and 29 percent up on the value of Quick shares just a month ago.

Quick is valued at 800 million euros (1 billion U.S. dollars). The company said the offer is being looked at by the board of Quick Restaurants.

Set up 35 years ago, Quick has some 80 restaurants in Belgium and Luxembourg and a further 320 in France.

Source: Xinhua