Groupe Bruxelles Lambert Reports 1Q Results; Disposes of Engie Exchangeable Bonds
Groupe Bruxelles Lambert's investment portfolio performed well in the first quarter of 2017. The portfolio value increased by EUR 1.3 billion to EUR 15.9 billion for strategic investments and by EUR 98 million to EUR 828 million for its incubator portfolio, as a result of strong price appreciation. Adjusted net assets increased 9% to EUR 18.5 billion, which translates into a growth rate of 22% year over year and a share discount of 26%. The composition of both portfolios remained largely unchang...Groupe Bruxelles Lambert is a holding company. Through its subsidiaries, Co. operates through the following segments: Imerys, which consists of the Imerys group that operates in four business lines of energy solutions and specialties, filtration and performance additives, ceramic materials, and high resistance minerals; and Financial Pillar, which includes, on the one hand, under investment activities, the companies Sienna Capital, Ergon Capital Partners (ECP), ECP II, ECP III, PAI Europe III, Sagard, Sagard II and Sagard III, Kartesia and Merieux Participations I and II and, on the other hand, under consolidated operating activities, the operating subsidiaries of ECP III.
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