GBL acquires EUR62.32m worth of Lafarge shares

GBL acquires EUR62.32m worth of Lafarge shares
26 March 2008

Belgian Financier Albert Frere’s holding company Groupe Bruxelles Lambert acquired EUR62.32m worth of shares in Lafarge between March 10 and March 14, according to filings with French stock exchange authority AMF Tuesday.  
According to the filings, GBL acquired EUR8.83m worth of shares March 10, EUR548,500 worth March 11, EUR554,500 worth March 12, EUR1.10m worth March 13, and EUR42.96m worth March 14 on Euronext’s Paris exchange. The AMF also reported that the company acquired EUR8.32 million worth of shares off the market.  
GBL said in a filing with the AMF earlier in March that it doesn’t intend to request more than three seats on  Lafarge’s board and is increasing its stake "following opportunities on the market." The French press has previously reported that Frere could be looking to increase his stake to 25 per cent.  
According to further filings from the AMF Tuesday, GBL also sold EUR2.67m worth of put options between March 10 and March 14 off the market.  
Published under Cement News