Groupe Bruxelles Lambert raises voting rights stake in Lafarge

Groupe Bruxelles Lambert raises voting rights stake in Lafarge
Published: 05 May 2011

Belgian billionaire Albert Frere’s holding company Groupe Bruxelles Lambert now holds 28.46% of the voting rights of Lafarge, according to French stock market regulator AMF.

Groupe Bruxelles Lambert owns 21% in the capital of Lafarge, but said it does not plan to gain control over the company.

Groupe Bruxelles Lambert also stated it supports the strategy implemented by Lafarge’s board and does not wish to ask for the appointment of additional representatives within the cement group’s board.