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SFPIM, the
In the news: SFPIM announced Monday evening a 5 percent stake in the capital of
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The broader picture: SFPIM has been working for some time to locally anchor companies that are strategically important to
- These are mainly financial companies, such as insurer
Ageas , stock exchange company Euronext or securities houseEuroclear . - In addition, the public investor also manages the federal government interests in the financial institutions that became partly or fully state-owned during the 2008 banking crisis, including Belfius or Ethias.
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SFPIM also controls a quarter of
Brussels Airport . -
With its entry into
Umicore , the public investor is making it clear that it not only wants to be a financial superholding, but also hopes to anchor our industry.
Side note: Through anchoring, the Belgian state is creating preventive buffers against unwanted foreign takeovers of strategically important companies. But critics say the strategy also works to "distort" the Belgian economy.
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