Compagnie Nationale à Portefeuille

Compagnie Nationale à Portefeuille SA ("CNP"), is a Belgian non-listed holding company. Together with Groupe Bruxelles Lambert, CNP is one of the main pillars of Groupe Frère-Bourgeois (founded by Albert, Baron frère) and can rely on a stable shareholders’ base: it is exclusively controlled[1] by the Frère family.

Compagnie Nationale à Portefeuille SA
TypeNon-listed holding company
HeadquartersLoverval, Belgium
Key people
Xavier Le Clef
(Managing Director)
Total assetsApproximately €1.5 billion
(2014 net assets value)
Websitewww.cnp.be

Investments

CNP directly holds stakes in a number of industrial companies, which at the end of 2014 included:[2]

  • Total (0.9%), the fifth-largest publicly traded integrated international oil and gas company in the world, active both on the upstream (exploration/production) and downstream (refining, distribution) segments
  • M6 (7.3%), a multimedia group that revolves around M6, France’s second commercial TV channel, and also includes a family of highly complementary digital channels and diversification activities developed around a powerful brand
  • Transcor Astra Group (88%)[3] that operates in the petroleum products, gas, coal and coke trading and distribution sectors, through owned or rented assets (pipelines, storage facilities, oil tankers, refineries…)
  • Affichage Holding[4] (25.3%), advertising company
  • Cheval Blanc Finance, that holds 50% of the Société Civile du Cheval Blanc, which owns the Saint Emilion Premier Grand Cru Classé A estate (37 hectares), la Tour du Pin(8 hectares) and Quinault l’Enclos (18 hectares) vineyards
  • Caffitaly[5] (49%)
  • International Duty Free[6] (100%), the operator of retail shops at the main Belgian airports (Brussels, Charleroi) and at Brussels international railway station

Ownership and control

In March 2011 CNP was delisted, after a successful takeover bid from Groupe Frère-Bourgeois (70% economic ownership) and BNP Paribas (30%) for the 27.8% of CNP they did not already own.[7] The CNP share was removed from the BEL 20 index on 2 May 2011.[8]

Groupe Frère-Bourgeois acquired BNP Paribas’s stake in CNP at the end of 2013. As a result, CNP is now exclusively controlled by Groupe Frère-Bourgeois, alongside management and personnel.

References
  1. "According to article 5 of Belgian Company law". {{cite web}}: Missing or empty |url= (help)
  2. "Company website". CNP. 31 December 2014. Retrieved 31 December 2014.
  3. "100% control". {{cite web}}: Missing or empty |url= (help)
  4. "Greater advertising impact with APG|SGA outdoor advertising". www.apgsga.ch. Retrieved Aug 28, 2022.
  5. "Home". caffitaly.com. Retrieved Aug 28, 2022.
  6. "skyshops.be". www.skyshops.be. Retrieved Aug 28, 2022.
  7. Martens, John (4 March 2011). "Frere Makes Offer for Nationale as Leverage Eclipses Strategy". Bloomberg. Retrieved 8 May 2011.
  8. "Index Announcement" (PDF). NYSE Euronext. 29 April 2011. Retrieved 8 May 2011.
  • Media related to NPM/CNP at Wikimedia Commons
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