Stock price on 13/11/2019 - 17:35
Stake in adidas increased to 7.5%
GBL pursued increasing its stake in adidas. At 31 December 2016, GBL held 7.5% of this company (4.7% at end of December 2015), for a market value of EUR 2.4 billion.
adidas becomes a Strategic Investment
Strengthening of the position in adidas, at 7.2% of the capital at 30 June 2016 (4.7% at end December 2015), for a market value of EUR 1,933 million
Entrance of Ian Gallienne into the Supervisory Board of the company
Investment in adidas
As part of its portfolio diversification strategy, and more specifically through the development of its “Incubator”-type investments, announcement on 24 July that GBL had crossed the statutory threshold of 3% in the share capital of adidas, a global group specialised in the design and distribution of sports equipment. At 31 December 2015, GBL held 4.7% of the capital of this company, representing a market value of EUR 890 million.