Parjointco, an investment holding company, completed the acquisition of the remaining 44.5% stake in Pagresa Holding, the parent company of the Pargesa Group, for $2.7bn. For each share in Pagresa, Parjointco will offer 0.93 existing shares of Groupe Bruxelles Lambert, a Belgian holding company invested in various sectors. The Frère-Desmarais Group, one of Parjointco main shareholders, wishes to simplify this structure and thus eliminate the difference in share value discount between GBL and Pagresa, by transferring the public shareholding from Pargesa to GBL, then by delisting Pargesa from SIX. On April 22, 2020, the board of directors unanimously recommended acceptance of the offer.