Groupe Bruxelles Lambert ( (GB:0IN2) ) has provided an update.
Groupe Bruxelles Lambert (GBL) has announced its decision to acquire a 5% stake in Sagard Holdings Management Inc. through its subsidiary, GBL Capital Invest SCSp. The transaction, valued at approximately US$33 million, is expected to close by the end of March 2025 and aligns with GBL’s investment strategy. Additionally, GBL has committed €250 million to selected Sagard-managed funds over five years, further strengthening its strategic partnership. The transaction has been evaluated by a committee of independent directors and deemed to align with GBL’s strategy without causing any prejudice to the company, highlighting the quality of the Sagard platform.
More about Groupe Bruxelles Lambert
Groupe Bruxelles Lambert (GBL) is a well-established investment holding company with a history of seventy years on the stock exchange and a net asset value of €15.7 billion as of December 2024. As a prominent investor in Europe, GBL focuses on long-term value creation, supported by a stable family shareholder base. The company aims to expand its diversified portfolio of listed, direct private, and indirect private investments, delivering growth through increased net asset value per share, sustainable dividends, and share buybacks. GBL is listed on Euronext Brussels and is part of the BEL20 index.
YTD Price Performance: 2.91%
Average Trading Volume: 40,298
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €8.68B
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