Compagnie Nationale à Portefeuille
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| Company type | Non-listed holding company |
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| Headquarters | Loverval, Belgium |
Key people | Xavier Le Clef (Managing 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 (founded by Albert, Baron frère) and can rely on a stable shareholders’ base: it is exclusively controlled[1] by the Frère family.
Investments
[edit]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…)
- 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
[edit]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.
References
[edit]- ^ "According to article 5 of Belgian Company law".
{{cite web}}: Missing or empty|url=(help) - ^ "Company website". CNP. 31 December 2014. Retrieved 31 December 2014.
- ^ "100% control".
{{cite web}}: Missing or empty|url=(help) - ^ "Greater advertising impact with APG|SGA outdoor advertising". www.apgsga.ch. Retrieved Aug 28, 2022.
- ^ "Home". caffitaly.com. Retrieved Aug 28, 2022.
- ^ "skyshops.be". www.skyshops.be. Retrieved Aug 28, 2022.
- ^ Martens, John (4 March 2011). "Frere Makes Offer for Nationale as Leverage Eclipses Strategy". Bloomberg. Retrieved 8 May 2011.
- ^ "Index Announcement" (PDF). NYSE Euronext. 29 April 2011. Retrieved 8 May 2011.
Media related to NPM/CNP at Wikimedia Commons
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