GBL cashing in €100m profit after Mowi sale

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Groupe Bruxelles Lambert (GBL) has successfully sold 18,113,207 shares of Mowi, corresponding to 3.5 percent of Mowi’s share capital, by way of an accelerated bookbuilding process at a price of NOK 222 per share, representing approximately EUR 0.4 billion of proceeds.

GBL retains 18,113,207 million shares in Mowi, equivalent to 3.5 percent of the company’s capital and voting rights.

This transaction was done in the context of the group’s portfolio rotation strategy, which has entailed over EUR 26 billion from the beginning of 2012 through the first quarter of 2022. The stake sold represents approximately two percent of the net asset value as of March 31.

The sale generated a capital gain of nearly EUR 0.1 billion.

GBL is co-controlled by Ségolène Gallienne – Frère and The Desmarais Family Residuary Trust.