Pargesa Holding
Pargesa Holding S.A. of Geneva, Switzerland (Pargesa stands for Paribas-Genève S.A.) holds significant positions in two large companies based in Europe. In accordance with a 1990 agreement, Power Corporation of Canada and the Frère-Bourgeois/CNP Groups jointly control the company through the Dutch holding company Parjointco NV. The current form of Pargesa stems from the events surrounding the nationalisation in 1982 of the Compagnie Financière de Paris et des Pays-Bas (Paribas) under the socialist government of Pierre Mauroy.
In March 2020, the majority owner of Pargesa Holding, Parjointco, announced their plans to take over the entire company by offering 0.93 shares of Grouple Bruxelles Lambert for each Pargesa share.[1] Power Corporation of Canada is the owner of 50% indirect interest in Parjointco, while Parjointco owns a 55% stake in Pargesa.[2]
Pargesa Holding S.A. has a stake in Imérys and controls Groupe Bruxelles Lambert, a holding company that has major share positions in:
- Total S.A. (energy - France's largest corporation and the world's fourth-ranked oil and gas company)
- Suez S.A. (energy, water and environmental waste services)
- Imerys S.A. (speciality minerals mining and processing)
- Lafarge Group (cement and building materials)
References[edit]
- ↑ "Majority owner plans offer for all of Pargesa Holding". Reuters. 2020-03-11. Retrieved 2020-04-29.
- ↑ "Parjointco, Pargesa look to simplify GBL holding structure | PitchBook". pitchbook.com. Retrieved 2020-04-29.
External links[edit]
- Pargesa Holding S.A. website (English/French/German languages)
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