Compagnie Nationale à Portefeuille

Compagnie Nationale à Portefeuille SA
Non-listed holding company
Headquarters Loverval, Belgium
Key people
 Gilles Samyn
(Chairman)
Xavier Le Clef
(Managing Director)
Victor Delloye
(General Counsel and Director)
Total assets Approximately €1.5 billion
(2014 net assets value)
Website www.cnp.be

Compagnie Nationale à Portefeuille SA ("CNP"), is a Belgian non-listed holding company. Together with Groupe Bruxelles Lambert, CNP is one of the main pillars of Groupe Frère-Bourgeois and can rely on a stable shareholders’ base: it is exclusively controlled[1] by Baron Albert Frère.

Investments

CNP directly holds stakes in a number of industrial companies, which at the end of 2014 included:[2]

  • Total (0.9%), the fifth-largest publicly traded integrated international oil and gas company in the world, active both on the upstream (exploration/production) and downstream (refining, distribution) segments
  • M6 (7.3%), a multimedia group that revolves around M6, France’s second commercial TV channel, and also includes a family of highly complementary digital channels and diversification activities developed around a powerful brand
  • Transcor Astra Group (88%)[3] that operates in the petroleum products, gas, coal and coke trading and distribution sectors, through owned or rented assets (pipelines, storage facilities, oil tankers, refineries…)
  • Banca Leonardo (19.3%), an investment bank and wealth management company active in Italy and across Europe
  • Affichage Holding (25.3%), Switzerland's leading Out of Home advertising company and specialist in the provision of digital and analog Out of Home solutions
  • Distriplus (50%), a retail group composed of Planet Parfum, the no. 2 distributor of perfumes and cosmetics in Belgium, and DI, the no. 2 distributor of beauty and care products in Belgium.
  • Cheval Blanc Finance, that holds 50% of the Société Civile du Cheval Blanc, which owns the Saint Emilion Premier Grand Cru Classé A estate (37 hectares), la Tour du Pin(8 hectares) and Quinault l’Enclos (18 hectares) vineyards
  • Fidentia (50%), a real estate management company jointly owned with its founding managers, that structures real estate transactions and performs real estate asset management
  • Groupe Flo (24%),[4] a leader in the restaurant business in France with a portfolio of complementary thematic restaurant brands (Hippopotamus, Tablapizza and Taverne de Maître Kanter) and renowned brasseries
  • International Duty Free (100%), the operator of retail shops at the main Belgian airports (Brussels, Charleroi) and at Brussels international train station
  • Trasys (42%),[5] an independent IT consultancy and services company offering a wide range of skills (consultancy, project delivery, IT infrastructure operations...) to the public and private sectors in Belgium, France, the UK, Spain, Greece and Luxembourg

Ownership and control

In March 2011 CNP was delisted, after a successful takeover bid from Groupe Frère-Bourgeois (70% economic ownership) and BNP Paribas (30%) for the 27.8% of CNP they did not already own.[6] The CNP share was removed from the BEL 20 index on 2 May 2011.[7]

Groupe Frère-Bourgeois acquired BNP Paribas’s stake in CNP at the end of 2013. As a result, CNP is now exclusively controlled by Groupe Frère-Bourgeois, alongside management and personnel.

References

  1. ↑ "According to article 5 of Belgian Company law". Missing or empty |url= (help)
  2. ↑ "Company website". CNP. 31 December 2014. Retrieved 31 December 2014.
  3. ↑ "100% control". Missing or empty |url= (help)
  4. ↑ "Financière Flo, a vehicle controlled at 66% by GIB (50-50 between CNP and Ackermans & van Haaren), holds 71,1% of Groupe Flo". Missing or empty |url= (help)
  5. ↑ "Jointly controlled at 84% with Ackermans & van Haaren (via GIB, 50-50 between CNP and Ackermans & van Haaren)". Missing or empty |url= (help)
  6. ↑ Martens, John (4 March 2011). "Frere Makes Offer for Nationale as Leverage Eclipses Strategy". Bloomberg. Retrieved 8 May 2011.
  7. ↑ "Index Announcement" (PDF). NYSE Euronext. 29 April 2011. Retrieved 8 May 2011.
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