Shareholding
At end June 2025, GBL’s share capital totaled EUR 653.1 million, represented by 133,200,000 shares
GBL’s shareholding is characterized by a controlling shareholder, Pargesa SA, which holds 34.2% of the outstanding shares and 48.0% of the voting rights. Pargesa SA itself is held jointly by the Power Corporation of Canada (Canada) and Frère (Belgium) groups, providing GBL with a stable and solid shareholder base. Since 1990, the two groups have been bound by a shareholders’ agreement. This agreement, which was extended in December 2012 until 2029, includes an extension possibility going forward. The chain of control is presented in detail and illustrated on page 240 of the annual report 2024. At end June 2025, GBL held, directly and through its subsidiaries, 10,150,152 GBL shares representing 7.6% of the issued capital.