Reports indicate that Belgium-based footwear company Brantano could be bought by non-food retailer Macintosh Retail Group, based in the Netherlands.

The group is expected to offer a voluntary and conditional public cash bid for Brantano’s full share capital for €55 ($79.2) per share.

According to Brantano, this reflects a 30% premium on its average closing price over the last three months. Brantano’s shareholders are expected to recommend the bid to its board.

The company sells its range of men’s, women’s and children’s and accessories at almost 300 stores across Europe and the Middle East.

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