Paul Desmarais News
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Great-West Lifeco Inc.’s C$1.75 billion ($1.72 billion) agreement to buy Irish Life Group Ltd. signals a return to growth for the Canadian insurance industry that has spent years since the financial crisis seeking to contain damage from plunging stock prices.
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Groupe Bruxelles Lambert SA , the Belgian investment firm controlled by billionaires Albert Frere and Paul Desmarais , reported profit dropped because of costs for unwinding derivatives and said Ian Gallienne and Gerard Lamarche will join the three-member executive management next year.
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Labco SA, a medical-diagnostics company whose investors include 3i Group Plc, has drawn preliminary bids from private equity groups Blackstone Group LP and PAI Partners SAS, said people with knowledge of the matter.
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Groupe Bruxelles Lambert SA , the Belgian investment firm controlled by billionaires Albert Frere and Paul Desmarais , will take over Pargesa Holding SA’s stake in Imerys SA to eliminate debt at the level of its Swiss parent.
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The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and prices are from the last close.
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The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
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Groupe Bruxelles Lambert SA, the investment firm controlled by billionaires Albert Frere and Paul Desmarais, sold 6.2 million shares of Pernod-Ricard SA for 499 million euros ($650 million).
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The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
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The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
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Groupe Bruxelles Lambert SA, the investment firm controlled by billionaires Albert Frere and Paul Desmarais, increased its distribution of cash earnings to the highest level in 10 years after a 50 percent reduction in dividend income from Lafarge SA and higher debt-servicing costs.
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