Groupe Bruxelles Lambert ( (GB:0IN2) ) has provided an update.
Groupe Bruxelles Lambert (GBL) has successfully sold 8.5 million shares of SGS SA, raising approximately €0.8 billion. This sale, conducted through an accelerated bookbuilding process, aligns with GBL’s strategic goals outlined in November 2024. Despite the sale, GBL remains the largest shareholder of SGS with 14.6% of the capital and voting rights and continues to support SGS’s Strategy 27. The transaction is expected to complete on March 10, 2025, and GBL has committed to a 90-day lock-up on its remaining shares.
More about Groupe Bruxelles Lambert
Groupe Bruxelles Lambert (GBL) is an established investment holding company with a seventy-year stock market history and a net asset value of €16.3 billion as of September 2024. As a leading investor in Europe, GBL focuses on long-term value creation, supported by a stable family shareholder base. The company emphasizes ESG factors and aims to develop a diversified portfolio of high-quality listed and private assets. GBL is listed on Euronext Brussels and is part of the BEL20 index.
YTD Price Performance: 6.96%
Average Trading Volume: 44,363
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €8.94B
See more data about 0IN2 stock on TipRanks’ Stock Analysis page.
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