Belgian holding company GBL builds 4 pct stake in Umicore

Newswire

BRUSSELS, July 17 (Reuters) - Belgian holding company Groupe Bruxelles Lambert (GBL) has taken a 4 percent stake in Belgian specialist materials group Umicore, part of a strategy to focus less on France and the energy sector. GBL management said on Wednesday that it had steadily increased its stake from a negligible holding at the start of the year. GBL, controlled by Belgium's richest man Albert Frere, has traditionally had a focus on French high-yielding ...

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