Compagnie Nationale à Portefeuille explained
| Compagnie Nationale à Portefeuille SA |
| Type: | Non-listed holding company |
| Location: | Loverval, Belgium |
| Key People: | Xavier Le Clef
(Managing Director) |
| Assets: | Approximately €1.5 billion
(2014 net assets value) |
| Homepage: | 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 (founded by Albert, Baron frère) and can rely on a stable shareholders’ base: it is exclusively controlled[1] by the Frère family.
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
- (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…)
- Affichage Holding[4] (25.3%), advertising company
- 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
- Caffitaly[5] (49%)
- International Duty Free[6] (100%), the operator of retail shops at the main Belgian airports (Brussels, Charleroi) and at Brussels international railway station
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.[7] The CNP share was removed from the BEL 20 index on 2 May 2011.[8]
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.
Notes and References
- Web site: According to article 5 of Belgian Company law.
- Web site: Company website. CNP. 31 December 2014. 31 December 2014.
- Web site: 100% control.
- Web site: Greater advertising impact with APG|SGA outdoor advertising. www.apgsga.ch. Aug 28, 2022.
- Web site: Home. caffitaly.com. Aug 28, 2022.
- Web site: skyshops.be. www.skyshops.be. Aug 28, 2022.
- News: Martens. John. Frere Makes Offer for Nationale as Leverage Eclipses Strategy. 8 May 2011. 4 March 2011. Bloomberg.
- Web site: Index Announcement. NYSE Euronext. 8 May 2011. 29 April 2011.
