US Edition'Another Challenging Year for the Bicycle Industry' - Canyon Owner Reports €38 Million Loss
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The Belgian investment company Groupe Bruxelles Lambert (GBL), the largest single shareholder (49.8%) at Canyon, has revised the value of its participation in the company downwards – the figure is said to be three-digit million. GBL reduces the value of Canyon shares According to a report by Velojournal and Manager Magazin, GBL has depreciated the value of its participation in Canyon from 460 million euros at the end of 2023 to 261 million euros…
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