GBLB.BR Groupe Bruxelles Lambert
Performance
0% Past Week
Market Cap
9.82B
Day’s Range
52W Range
Volume (3M)
180.62K
Price-Earnings Ratio
-18.05
Revenue
8.64B
Groupe Bruxelles Lambert Latest News
About Groupe Bruxelles Lambert
Founded in 1902, Groupe Bruxelles Lambert is a Belgian holding company located in Brussels. Also known as GBL, the firm invests in companies that are considered leaders in their respective industries and that match GBL’s long-term strategy. GBL was previously called Bank Brussels Lambert, until a merger with Banque de Bruxelles in 1975.
Traded as GBLB, Groupe Bruxelles Lambert went public in 1956 and is listed on the Euronext. The controlling stake of GBL belongs to Pargesa Netherlands B.V., which in turn is controlled by Pargesa, a holding company located in Geneva, Switzerland.
Drexel Burnham Lambert, a member of the Lambert family that founded GBL, is credited with introducing the concept of trading junk bonds. These bonds usually carry a significantly higher default rate as compared to normal bonds, but with a much higher yield. The payouts are higher to entice investors and lure them away from more traditional bonds issued by governments and investment grade corporations.
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Show More257.7K
Employees
EU
HQ
1902
Founded
Ian Gallienne, MBA
CEO
Upcoming Earnings
31
JUL
REPORTS
Groupe Bruxelles Lambert Q2 2023 earnings report is expected to be released after market open
Get insight into a company's sustainability using ESG (environmental, social, and governance) scores.
0
100
51
Medium
Industry
Avg. 52
43
Environment
53
Social
55
Governance
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