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Groep Brussel Lambert NV (GBLB.BR)

GBLB.BR on Brussels Stock Exchange

90.44EUR
20 Jul 2018
Change (% chg)

€-0.02 (-0.02%)
Prev Close
€90.46
Open
€90.26
Day's High
€90.58
Day's Low
€89.92
Volume
142,089
Avg. Vol
192,360
52-wk High
€96.52
52-wk Low
€84.20

Latest Key Developments (Source: Significant Developments)

GBL Raises 498 Million Pounds in Burberry Stake Sale
Wednesday, 9 May 2018 

May 9 (Reuters) - GBL ::COMPLETION OF THE SALE OF 6.6% OF BURBERRY’S CAPITAL.PROCEEDS FROM THE DISPOSAL AMOUNT TO APPROXIMATELY GBP 498 MILLION.STAKE IN BURBERRY SOLD BY GBL REPRESENTED APPROXIMATELY 3% OF GBL’S MOST RECENTLY DISCLOSED NET ASSET VALUE..  Full Article

GBL Intends To Sell Its Entire Stake in Burberry
Tuesday, 8 May 2018 

May 8 (Reuters) - GROUPE BRUXELLES LAMBERT SA ::GROUPE BRUXELLES LAMBERT INTENDS TO SELL 6.6% OF BURBERRY’S CAPITAL.DISPOSAL OF ENTIRE STAKE IN BURBERRY.SALE THROUGH PRIVATE PLACEMENT BY WAY OF ACCELERATED BOOKBUILDING PROCESS.GOLDMAN SACHS IS ACTING AS BOOKRUNNER.  Full Article

GBL adjusted net assets at sept 30, 2017 rises to 18.57 billion euros
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - GROEP BRUSSEL LAMBERT NV ::ADJUSTED NET ASSETS AT SEPT 30, 2017 EUR 18.57 BILLION VERSUS EUR 16.56 BILLION YEAR AGO.CASH EARNINGS AT SEPT 30, 2017 EUR 370 MILLION VERSUS EUR 405 MILLION YEAR AGO.CONSOLIDATED NET RESULT AT SEPT 30, 2017 EUR 646 MILLION VERSUS LOSS EUR 802 MILLION YEAR AGO.FORESEES TO PAY 2017 DIVIDEND AT LEAST EQUIVALENT TO THAT RELATING TO FY 2016.  Full Article

GBL FY consolidated net result turns to loss of 458 million euros
Friday, 17 Mar 2017 

Groupe Bruxelles Lambert SA : FY consolidated net result loss of 458‍​ million euros versus profit of 1.03 billion euros ($1.11 billion) year ago . FY cash earnings ‍​440 million euros versus 462 million euros year ago . FY adjusted net assets ‍​16.99 billion euros versus 15.19 billion euros year ago . At dec. 31, 2016 had a net cash position of 225 million euros versus net debt of 740 million euros at dec. 31, 2015 . Proposes dividend of 2.93 euros per share, up 2.4 percent compared to year ago . As result of disposal of high-yielding stakes in Engie and Total , GBL's cash earnings will be negatively impacted in 2017 .In 2017, expects to pay dividend at least equivalent to this proposed for FY 2016.  Full Article

GBL adjusted net assets at end September up at 16.56‍​ billion euros
Friday, 4 Nov 2016 

Groupe Bruxelles Lambert SA : 9M consolidated net loss ‍​802 million euros versus profit of 904 million euros ($1.01 billion) year ago . 9M cash earnings ‍​405 million euros versus 404 million euros year ago . Adjusted net assets at end of September 2016 16.56‍​ billion euros versus 13.76 billion euros year ago . Consolidated net result should be negative for FY 2016 due to recording of exceptional items in first half of year . Expects to pay a 2016 dividend that is at least equivalent to that relating to the 2015 financial year .Following sale of high-yielding total and engie shares carried out over past 18 months, GBL’s cash earnings will be negatively impacted in 2016 and 2017.  Full Article

Investor Elliott urges Germany's GEA Group to appoint CEO

FRANKFURT/DUESSELDORF, July 2 Activist shareholder Elliott called on GEA Group to appoint a new chief executive quickly, replace Chairman Helmut Perlet and buy back shares, adding to pressure for speedy and sweeping changes at the German food processing company.