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  • 2018 Sale

    Sale of 6.6% of Burberry’s capital

    8/05/2018 - Sale of GBL's entire stake in Burberry. The proceeds from the disposal amount to approximately GBP 498 million, generating a capital gain of approximately GBP 83 million. This capital gain will not impact GBL’s consolidated net result following the entry into force of IFRS 9.

  • 2018 Acquisition

    Increase in the stake in GEA

    On 3 April 2018, GEA Group (“GEA”) declared that, on 23 March 2018, GBL had crossed the 5.0% threshold in the company’s voting rights. At 31 March 2018, GBL held 5.25% of the capital (4.25% at 31 December 2017), with a market value of EUR 349 million.

  • 2018 Acquisition

    Commitment of Sienna Capital to invest in Flora Food Group

    On 8 March 2018, GBL, through its subsidiary Sienna Capital, committed to invest EUR 250 million alongside funds affiliated with the investment firm KKR in Flora Food Group (“FFG”), Unilever’s Spreads Business. Completion of the transaction is expected mid-2018, subject to certain regulatory approvals and employee consultations in certain jurisdictions.

  • 2018 Acquisition

    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.