Groupe Bruxelles Lambert ups lafarge stake to 13.2%

Groupe Bruxelles Lambert ups lafarge stake to 13.2%
Published: 09 November 2006

Belgian financial holding Groupe Bruxelles Lambert  has increased its stake in  Lafarge to 13.2% from 11.3% previously, GBL said in a statement late Wednesday.

GBL, the investment vehicle of Belgian financier Albert Frere, now has a 12.4% voting stake in Lafarge, up from the 10.6% it reported in September.

GBL began building up a stake in Lafarge earlier this year.

Lafarge has said it views GBL’s stake building "positively" as it demonstrates confidence in its strategy and its future share pri