GBL
A leading and active investor in Europe, focused on long-term value creation with a diversified high-quality portfolio of listed and private investments, as well as alternative investments through GBL Capital.
Financials at a glance
€16.7
billion
Net asset value[2]
Private and
alternative assets
alternative assets
35%
of GBL’s portfolio
Value creation from
private assets[5]
and GBL Capital
of close to
private assets[5]
and GBL Capital
of close to
€630
Million
€113.64
Net asset value
per share[2][3]
per share[2][3]
€1.2
Billion
Capital returned
to shareholders[4]
to shareholders[4]
- Percentage of participating equity securities beneficially owned, or over which control or direction is exercised, directly or indirectly by Power Corporation, as at December 31, 2023. GBL is held through Parjointco, a jointly controlled corporation (50%).
- The description of net asset value reported by GBL can be found under “Other Measures” in the Review of Financial Performance section of this Annual Report.
- €116.19 per share pro forma for the cancellation of 8.3 million treasury shares (subject to approval of GBL’s Extraordinary General Meeting on May 2, 2024).
- Includes €816 million in share buybacks and €402 million in dividends.
- Held on December 31, 2023.
GBL
2023 value creation highlights
1
Value creation from private assets and GBL Capital, and record high cash returns to shareholders
2
Strengthened governance and strategic appointments to help optimize capital allocation and value creation
3
Refocused its portfolio following the exits of three listed companies[1]
- GEA, Holcim and MOWI. GBL held a residual interest in GEA, valued at €4 million as at December 31, 2023.
GBL
INVESTMENTS
Listed assets
Private assets
Alternative Assets
Third party asset management
