Brief: GBL Launches Sale Of Portion Of Assets From GBL Capital

Groep Brussel Lambert NV

03/11/2025 06:34

Nov 3 (Reuters) - Groep Brussel Lambert NV GBLB.BR:

HAS LAUNCHED A SALE OF A SIGNIFICANT PORTION OF ASSETS FROM GBL CAPITAL

HAS AGREED TO DIVEST EUR 1.7 BILLION OF NAV

TOTAL CASH PROCEEDS OF EUR 1.5 BILLION

THE CLOSING OF ALL THESE TRANSACTIONS IS SCHEDULED FOR THE FOURTH QUARTER OF 2025 / FIRST QUARTER OF 2026

ALL TRANSACTIONS ARE EXPECTED TO CLOSE BY Q4 2025 / Q1 2026

EUR 0.4 BILLION DEFERRED PAYMENT TO BE RECEIVED 12 MONTHS POST-CLOSING

GBL CAPITAL WILL NO LONGER BE MAKING NEW COMMITMENTS

Source text: ID:nPLX316877

Further company coverage: GBLB.BR

 (Gdansk Newsroom)

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