adidas is the European leader in sports equipmentMore
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.