Umicore is a leader in materials technology and recycling of precious metalsMore
Participation of GBL in the capital increase of Umicore
On 8 February 2018, Umicore announced a EUR 892 million capital increase aiming at financing its growth investments. The proceeds of the placement will also provide the group with more financial flexibility in support of external growth operations and potential partnerships enabling to strengthen its offering in clean mobility materials and recycling. GBL confirmed its full support to the group by participating in this capital raising for EUR 144 million. Consecutive to this transaction, GBL remains Umicore’s largest shareholder with an ownership of 16.93%, vs. 17.01% before the capital increase. At 31 March 2018, GBL's interest in Umicore’s capital was valued at EUR 1,791 million.
Umicore becomes a Strategic Investment
The investment in Umicore has become Strategic as its market value now exceeds one billion euros (EUR 1.1 billion at 30 September 2016).
GBL slightly increased its stake in Umicore and held 17.0% of the capital at 30 September 2016 (16.6% at end December 2015), for a market value of EUR 1.1 billion. On 26 April 2016, the General Shareholders’ Meeting of Umicore appointed Colin Hall as a Director, conferring on GBL a second representative on the Board of Directors. Given the size of this investment and the representation of GBL on the Board of Directors, Umicore is now considered a Strategic Investment.
Strengthening of the stake in Umicore
Increasing stake in Umicore, holding 16.6% of the capital at 31 December 2015 (12.4% at end of December 2014), representing a market value of EUR 720 million.
Further purchases of Umicore shares
Further purchases of Umicore shares, as part of the development of its Incubator Investments. GBL held 12.4% of the company’s share capital at 31 December 2014 (5.6% at the end of December 2013), for a total investment of EUR 464 million.
Investment in Umicore
17 July 2013- Holding in Umicore exceeds the statutory 3% threshold. Umicore is a global leader specialised in materials technology and recycling listed on Euronext Brussels. Creation of a position in “incubator” type investments through stock market purchases over the year. Announcement of a 3.0% holding by the company in July 2013 and 5.6% by year end 2013