GBL considers strategic holding in Umicore
GBL, the Belgian investment company that owns more than 5% in the Belgian material technology company Umicore, could consider to expand this holding into a strategic one, Belgian daily de Tijd wrote, citing co-CEO at GBL Gerard Lamarche. He said in an interview with the paper this will be decided later and will depend on market circumstances.
GBL had a war chest of 1.9bn at the end of 2013 and reported net profits of EUR 621m for 2013 up from EUR 256m for 2012. The 2013 GBL results can be found here.
Source De Tijd