France-headquartered integrated event industry group, GL events has announced changes to its shareholder structure, with Polygone and the Amar Family Office acquiring the entire remaining stake in GL events held by Belgium-based investment company Sofina. That stake – acquired in 2012 by Sofina – represents 7% of GL events’ capital. Sofina’s exit from GL events reflects a broader strategy of transitioning its focus to other sectors and innovative growth. Sofina has also exited other investments, including a partial exit in Sibelco and Graphcore.
The Amar Family Office, through its subsidiary Holgespar Luxembourg SA, acquired a 3.5% stake,representing 1,051,364 shares, while Polygone acquired the remaining 1,051,365 shares. Olivier Ginon, chairman-CEO of GL events, commented: “We are delighted to welcome the Amar Family Office as a new shareholder in GL events and a key player in this new capital structure… Their long-term vision and commitment will provide a valuable contribution in supporting GL events’ growth and strategic development. In addition, Polygone’s increased shareholding highlights its confidence in the GL events’ prospects for continuing growth.
“This potential is illustrated by strength of our 2024 results (EBITDA up 16% on 2023 to €232m / Net Attributable Profit to Group shareholders up 21% on 2023 to €77m) and our forecasts for growth in business and the operating margin in 2025.”
Source: www.exhibitionworld.co.uk
Comments are closed.