PB Holding N.V. is listed on Euronext Amsterdam and holds depositary receipts for shares in financial services provider Bovemij. Until 16 March 2022, PB Holding operated under the name Stern Groep.
On 10 January 2022, Stern Groep N.V. announced that it had reached agreement with Hedin Mobility Group AB on the sale of all shares in Stern Facilitair B.V. The transaction concerned all business assets of Stern’s core activities, but excluding the depositary receipts for shares that Stern holds in Bovemij.
On 23 February 2022, the transaction was approved at an Extraordinary General Meeting. As of 16 March 2022, all activities of Stern Facilitair B.V. have been officially transferred to Hedin Mobility Group.
On the same date, the name Stern Groep N.V. was changed to PB Holding N.V., owner of the depositary receipts for shares in financial service provider Bovemij. PB Holding N.V. is debt-free and retains a limited amount of liquidity in order to be able to continue to meet its current obligations as a stock exchange fund for at least the next two years. Strategic options for the Bovemij interest will be further investigated, with optimisation of the return for shareholders being paramount.