GBL raises Recordati bid to EUR 53.00. GBL stock sits 17.69 percent below its high

Published on 10/13/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GBL held 10,288,252 shares as of June 30, 2026, equal to 7.93 percent. GBL stock stood at EUR 70.50 within EUR 67.90-85.65.

GBL raised its Recordati takeover bid to EUR 53.00 per share from EUR 51.29 on October 6, 2026.
The acceptance period runs through October 23, 2026, with payment scheduled for November 2, 2026.
GBL stock was at EUR 70.50 at Lang & Schwarz on October 13, 2026, 17.69 percent below its EUR 85.65 52-week high.
GBL held 10,288,252 of its own shares as of June 30, 2026, equal to 7.93 percent of issued capital.

Flatlay mit Aktienzertifikat, ISIN-Karte, Füllfederhalter und Globus auf Holztisch — Flatlay mit Aktienzertifikat und ISIN-Karte BE0003797140 illustriert Groupe Bruxelles Lambert SA als Investmentholding, Illustration mit AI erstellt.

Groupe Bruxelles Lambert (BE0003797140) was trading at EUR 70.50 at Lang & Schwarz on October 13, 2026 at 9:37 a.m. CEST, 17.69 percent below its EUR 85.65 52-week high. On October 6, 2026, the investment holding company and CVC Capital Partners raised their Recordati offer from EUR 51.29 to EUR 53.00 per share, according to Euronext.

Three milestones shape the holding

As of June 30, 2026, GBL had share capital of EUR 653.1 million represented by 129.8 million shares, according to GBL. The company also held 10,288,252 of its own shares, or 7.93 percent of issued capital, while Pargesa held 35.1 percent of outstanding shares.

On August 25, 2026, GBL issued a EUR 500 million bond, a financing event listed by MarketScreener. The October 6 Recordati revision is the latest of the three dated milestones and sets the current strategic context for the portfolio.

What does the bid mean for GBL?

The revised Recordati consideration includes EUR 53.00 in cash and EUR 0.71 from the 2025 dividend, bringing the total consideration to EUR 53.71 per share. The acceptance deadline is October 23, 2026, after which payment is scheduled for November 2, 2026, according to Euronext.

A report carried by Boursorama said the offer could require up to EUR 10.52 billion and that GBL may commit equity equal to 10 percent of its net asset value as of March 31, 2026. The figures show why the transaction matters beyond the EUR 53.00 bid itself: capital allocation and funding remain central to the investment case.

GBL stock remains below its yearly high

The EUR 70.50 Lang & Schwarz price is EUR 15.15 below the EUR 85.65 52-week high and EUR 2.60 above the EUR 67.90 low, with both range points dated October 13, 2026. GBL's market capitalization was EUR 8.4 billion on October 13, 2026, while the primary listing is on Euronext Brussels in euros.

GBL stock was trading at EUR 70.50 at Lang & Schwarz on October 13, 2026 at 9:37 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of GBL stock.