Compagnie Nationale à Portefeuille
Compagnie Nationale à Portefeuille SA is a Belgian non-listed holding company. Together with Groupe Bruxelles Lambert, CNP is one of the main pillars of Groupe Frère-Bourgeois and can rely on a stable shareholders’ base: it is exclusively controlled by the Frère family.
Investments
CNP directly holds stakes in a number of industrial companies, which at the end of 2014 included:- Total, the fifth-largest publicly traded integrated international oil and gas company in the world, active both on the upstream and downstream segments
- M6, a multimedia group that revolves around M6, France's second commercial TV channel, and also includes a family of highly complementary digital channels and diversification activities developed around a powerful brand
- that operates in the petroleum products, gas, coal and coke trading and distribution sectors, through owned or rented assets
- Affichage Holding, advertising company
- Cheval Blanc Finance, that holds 50% of the Société Civile du Cheval Blanc, which owns the Saint Emilion Premier Grand Cru Classé A estate, la Tour du Pin and Quinault l’Enclos vineyards
- Caffitaly
- International Duty Free, the operator of retail shops at the main Belgian airports and at Brussels international railway station
Ownership and control
In March 2011 CNP was delisted, after a successful takeover bid from Groupe Frère-Bourgeois and BNP Paribas for the 27.8% of CNP they did not already own. The CNP share was removed from the BEL 20 index on 2 May 2011.Groupe Frère-Bourgeois acquired BNP Paribas’s stake in CNP at the end of 2013. As a result, CNP is now exclusively controlled by Groupe Frère-Bourgeois, alongside management and personnel.