Groupe Bruxelles Lambert
Encyclopedia
Groupe Bruxelles Lambert (GBL) is a Belgian industrial holding company. It is one of the ten biggest Belgian companies, and part of the BEL20
BEL20
The BEL20 is the benchmark stock market index of Euronext Brussels. In general, the index consists of a minimum of 10 and a maximum of 20 companies traded at the Brussels Stock Exchange. Since 20 June 2011, the BEL20 has contained 20 listings.-Rules:...

. It has been listed in Brussels since 1956.

Shareholdings as of 31 December 2010 were:
Company % of share capital % of voting rights
Arkema
Arkema
Arkema is a French producer of chemicals headquartered in Colombes, near Paris, France.Created in 2004 when French oil major Total restructured its Chemicals business, Arkema has 14,000 employees in more than 40 countries, seven research centers worldwide, and a total of 80 production plants in...

 
5.0% 8.1%
GDF Suez
GDF Suez
GDF Suez S.A. is a French multinational energy company which operates in the fields of electricity generation and distribution, natural gas and renewable energy. The world's largest utility after taking control of Britain's International Power, the company was initially formed by the merger of Gaz...

 
5.2% 5.2%
Iberdrola
Iberdrola
Iberdrola , headquartered in Bilbao, is a private utility with a global footprint and over 150 years of experience...

 
0.6% 0.6%
Imerys
Imerys
Imerys is a French multinational company. It is a constituent of the CAC Mid 60 index.-History:The Company was founded in 1880 and for many years was known as Imetal....

 
30.7% 37.7%
Lafarge
Lafarge
Lafarge is a French industrial company specialising in four major products: cement, construction aggregates, concrete and gypsum wallboard. In 2010 the company was the world's second-largest cement manufacturer by mass shipped behind Holcim.-History:...

 
21.1% 24.6%
Pernod Ricard
Pernod Ricard
Pernod Ricard is a French company that produces distilled beverages. The company's eponymous products, Pernod Anise and Ricard Pastis, are both anise-flavoured liqueurs and are often referred to simply as Pernod or Ricard...

 
9.9% 9.0%
Suez Environnement
Suez Environnement
Suez Environnement S.A. is a French-based utility company which operates largely in the water treatment and waste management sectors. Formerly an operating division of Suez, the company was spun out as a stand-alone entity as part of the merger to form GDF Suez on 22 July 2008. GDF Suez remains...

 
7.1% 7.1%
Total
Total S.A.
Total S.A. is a French multinational oil company and one of the six "Supermajor" oil companies in the world.Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and...

 
4.0% 3.7%


As of 31 December 2004, a company Pargesa Holding S.A.
Pargesa Holding S.A.
Pargesa Holding S.A. of Geneva, Switzerland holds significant positions in two large companies based in Europe. In accordance with a 1990 agreement, Power Corporation of Canada and the Frère-Bourgeois/CNP Groups jointly control the company through the Dutch holding company Parjointco NV...

 holds 48.0% of the shares of GBL. As GBL holds 4.4% in treasury stock
Treasury stock
A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ....

, Pargesa is a majority owner. Pargesa in turn is owned 54.3% by Parjointco, a company owned 50/50 by Agesca
Agesca Nederland
Agesca Nederland is a Dutch holding company that owns 50% of the holding Parjointco N.V. . It is owned 89,5% by Compagnie Nationale à Portefeuille, and 10,5% by the holding Frère-Bourgeois. Both of these holdings are controlled by Albert Frère and his family....

, a dutch holding company and Power Financial Corporation, a subsidiary of the Canadian conglomerate Power Corporation of Canada
Power Corporation of Canada
Power Corporation of Canada is a Canadian company with assets in North America and Europe in a number of industries. These industries include media, pulp and paper, and financial services....

. Agesca
Agesca Nederland
Agesca Nederland is a Dutch holding company that owns 50% of the holding Parjointco N.V. . It is owned 89,5% by Compagnie Nationale à Portefeuille, and 10,5% by the holding Frère-Bourgeois. Both of these holdings are controlled by Albert Frère and his family....

 is owned 89.5% by Compagnie Nationale à Portefeuille
NPM/CNP
NPM/CNP, "Nationale Portefeuillemaatschappij" in Dutch and "Compagnie Nationale à Portefeuille" in French, is a Belgian holding company having shares in various firms. The company is controlled by the family of Albert Frère...

, a Belgian holding controlled by Albert Frère
Albert Frère
Albert, Baron Frère is a Belgian businessman and the richest man in Belgium....

, and 10.5% by the holding Frères Bourgeois, the holding company of Albert Frère
Albert Frère
Albert, Baron Frère is a Belgian businessman and the richest man in Belgium....

 and his family. Groupe Bruxelles Lambert formerly owned the Bank Brussels Lambert (BBL), which is now part of the ING group
ING Group
The ING Group is a global financial institution offering retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services. ING is the Dutch member of the Inter-Alpha Group of Banks, a cooperative consortium of 11 prominent European banks...

.

GBL was also involved in Drexel Burnham Lambert
Drexel Burnham Lambert
Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was forced into bankruptcy in February 1990 by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. At its height, it was the...

, having made a sizeable investment in the early 1980s.
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