Sofina Explained

Sofina, Société Financière de Transports et d'Entreprises Industrielles, is a Belgian holding company, headquartered in Brussels with offices in Singapore and Luxembourg. As part of the Bel20 index, it is one of the twenty largest capitalisation in Belgium. The company invests in several industrial sectors such as telecommunication (7%), banks and insurance (6%), private equity (6%), B2B (18%), consumer goods (31%), energy (6%), food distribution (8%) and various other sectors (10%). Geographically, Sofina has investments located in Belgium, France, Luxembourg, the Netherlands, the United Kingdom, China, India and North America.[1]

History

The company was founded in 1898. It was led from 1905 until 1955 by the Belgian-American engineer of German origin Dannie Heineman (1872-1962).[2] Historically, the company owned the Anglo-Argentine Tramways Company, which was one of the largest tram operators in the world at the time.[3] From 1955 on, the current family shareholders started to invest. Yves Boël is appointed Director in 1956. In 1964, the Boël family took control together with Société Générale de Belgique.[4]

Governance, management and shareholder structure

Governance and Management

Shareholder structure

The majority of the shares are held by the Boël family. The remaining shares are listed on Euronext Brussels and Sofina is part of the Bel 20 index.[7]

Notable investments

See also

External links

Notes and References

  1. Web site: Sofina. March 2020. Annual Report 2019. 24 February 2021. Sofinagroup.com.
  2. Web site: APS Physics. Dannie Heineman. 27 February 2021. www.aps.org.
  3. Book: Bart DeGroof .... En los deltas de la memoria : Bélgica y Argentina en los siglos XIX y XX. 1998. Leuven University Press. Leuven. 90-6186-860-2. 27 October 2015.
  4. Web site: 28 November 1964. Societe Generale Wins in Struggle To Control Sofina. 27 February 2021. The New York Times.
  5. Web site: Uk Government. Sir David Verey Biography. 27 February 2021.
  6. Web site: Bloomberg. 2021. Harold Boel, Chief Executive Officer, Sofina SA. 27 February 2021. Bloomberg News.
  7. Web site: Euronext Brussels. 2021. Bel 20 Factsheeet. 27 February 2021.
  8. News: Dawn Lim . 17 March 2018 . Lim's Take: Cambridge Associates Adds to Its Family of Backers . The Wall Street Journal . 27 February 2021.
  9. Web site: Walmart-Flipkart deal: A look at the successful exits of Indian e-commerce . 2022-03-24 . Business Today . May 9, 2018 . en.