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Groupe Bruxelles Lambert ( (GB:0IN2) ) has provided an update.
Groupe Bruxelles Lambert (GBL) has announced its agreement to acquire a 5% stake in Sagard Holdings Management Inc. through a capital injection by its subsidiary, GBL Capital Invest SCSp. The transaction, valued at US$33 million, is expected to close by the end of March 2025 and aligns with GBL’s investment strategy, which includes a commitment to invest €250 million over five years in Sagard-managed funds. The transaction has been evaluated by a committee of independent directors and deemed not to cause any harm to GBL, reflecting the quality of the Sagard platform and aligning with GBL’s strategic goals.
More about Groupe Bruxelles Lambert
Groupe Bruxelles Lambert (GBL) is a well-established investment holding company with a seventy-year stock market presence 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 develop a diversified portfolio of high-quality listed, direct private, and indirect private investments, offering shareholders attractive returns through net asset value growth, sustainable dividends, and share repurchases. 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
Find detailed analytics on 0IN2 stock on TipRanks’ Stock Analysis page.