Compagnie Nationale à Portefeuille
Compagnie Nationale à Portefeuille SA ("CNP"), is a Belgian non-listed holding company. Together with Groupe Bruxelles Lambert, CNP is one of the main pillars of Groupe Frère-Bourgeois (founded by Baron Albert Frère) 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: Ownership and control. In March 2011 CNP was delisted, after a successful takeover bid from Groupe Frère-Bourgeois (70% economic ownership) and BNP Paribas (30%) 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.