Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

GBL acquires majority stake in BUKO Group for €500 million in equity

By Public Technologies
  • GBL is investing up to €2.4 billion in equity across three transactions as it shifts toward direct private assets.
  • Recordati’s tender offer met its 66.67% threshold on October 23, 2026; approximately €1 billion of the potential €1.4 billion investment was deployed.
  • The transactions include a €500 million majority stake in BUKO and a €400 million co-control investment in Rayner.
  • Exits from Umicore and Concentrix generated combined proceeds of €500 million; the remaining 1.1% Concentrix stake was sold in October.
  • A €500 million share buyback envelope authorized November 5 will start once the current program is completed.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GBL - Groupe Bruxelles Lambert SA published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.