CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
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 service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk