Umicore drops on discounted GBL exit from capital

Umicore SA

25/02/2026 09:50

** Shares in Umicore UMI.BR drop 2.3%  after Groupe Bruxelles Lambert (GBL) said it sold at a discount the remaining 8% stake in the Belgian materials technology group

** GBL said it offloaded 19.6 million shares in Umicore for 0.3 billion euros ($353.73 million)

** ING says in a note that Bloomberg reported on Tuesday the shares were sold at 17.22 euros per unit, at a 6.5% discount to the market price

** Both ING and KBC Securities say the sale is no surprise

** "Umicore’s share price recovered also nicely on the back of precious metals appreciation, providing GBL with a nice opportunity to sell an asset that had been underperforming over the last few years," ING adds

** Stock at the bottom of Belgium's BEL 20 .BFX Index

($1 = 0.8481 euros)

(Reporting by Michal Aleksandrowicz)

((michal.aleksandrowicz@tr.com))