Groupe Bruxelles Lambert – FY2025 Results Update
GBL’s FY2025 results confirm continued portfolio execution and discount repair. The holding company has rerated sharply since mid-2024, but the...
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GBL: From Stress Discount to Structural Repair
GBL exits Umicore and adds Rayner, advancing simplification and private healthcare exposure. The discount has halved since 2024; further tightening...
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Selected European HoldCos and DLC: October 2025 Report
GBL: asset sales boost liquidity, simplify the portfolio, and fuel buybacks—primed for discount compression. Keep Swedish holdcos as ballast;...
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Recordati: Minority Opposition Puts €51.29 Under Pressure
Minority shareholders are refusing €51.29, but CVC/GBL may not need 90% to delist Recordati. We examine the threshold arithmetic, merger route and...
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Selected European HoldCos and DLC: July 2026 Report
European holding company discounts remain highly dispersed. Vivendi loses its legal catalyst, GBL continues its strategic re-rating, while Nordic...
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