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Groupe Bruxelles Lambert

Groupe Bruxelles Lambert
Company nameGroupe Bruxelles Lambert S.A.
Groep Brussel Lambert N.V.
Company typeNaamloze vennootschap / Société anonyme
IndustryHolding company
Founded4 January 1902
HeadquartersBrussels, Belgium
Key peopleAlbert Frère (Chairman and CEO), Gérald Frère (Managing director)
ProductsIndustrial holdings
Net income-640.8 million (2010)
Total assets-15.57 billion (end 2010)
Total equity-14.77 billion (end 2010)
Employees34 (average, 2010)

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Groupe Bruxelles Lambert (GBL) is a Belgian industrial holding company. It is one of the ten biggest Belgian companies, and part of the BEL20. It has been listed in Brussels since 1956.

Shareholdings as of 31 December 2010 were:

As of 31 December 2004, a company Pargesa Holding S.A. holds 48.0% of the shares of GBL. As GBL holds 4.4% in treasury stock, Pargesa is a majority owner. Pargesa in turn is owned 54.3% by Parjointco, a company owned 50/50 by Agesca, a dutch holding company and Power Financial Corporation, a subsidiary of the Canadian conglomerate Power Corporation of Canada. Agesca is owned 89.5% by Compagnie Nationale à Portefeuille, a Belgian holding controlled by Albert Frère, and 10.5% by the holding Frères Bourgeois, the holding company of Albert Frère and his family. Groupe Bruxelles Lambert formerly owned the Bank Brussels Lambert (BBL), which is now part of the ING group.

GBL was also involved in Drexel Burnham Lambert, having made a sizeable investment in the early 1980s.

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