Asphales
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Asphales
The Asphales holding, now Fortales, was founded by Piet Van Waeyenberge in 1988. History In the wake of the attempted take-over of the Société Générale de Belgique by Carlo De Benedetti, Piet Van Waeyenberge wanted to create an investment instrument to provide for capital for Belgian companies in order to prevent hostile foreign takeovers. Several Belgian businesspeople participated in the holding, such as Paul Janssen (Janssen Pharmaceutica), the Santens family, the ''Holdifima group'' of the families Plouvier-Kreglinger. Later on the families Debaillie, Sabbe (ex-Prado), Moortgat (Duvel Moortgat Brewery) and Versele ( Versele-Laga) joined the initiative. The holding bought shares of ', a large Belgian insurer, one of the predecessors of what would become Fortis. See also * Almanij Almanij (for ''Algemene'' ''Maatschappij'' voor ''Nijverheidskrediet'', "General Company for Industry") was a Belgian holding company active in financial services, created in 1931 and merge ...
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Piet Van Waeyenberge
Piet Paul August, Baron Van Waeyenberge (born Ghent, 27 October 1938) is a Belgian businessman. He is a son of Camille Van Waeyenberge and a brother of Jozef Van Waeyenberge. He was one of the founders, and is currently president, of business club De Warande. He is married to Wina Proesmans and together they have 3 children. Biography He graduated in 1956 from high school at the Sint-Jan Berchmanscollege in Brussels and obtained a licentiate in Commercial and Financial Sciences at the Catholic University of Louvain in 1960. In 1962 he obtained a Master of Science in Agricultural Economics at the University of Illinois Champaign (Urbana, IL USA) and in 1963 a Master of Business Administration at INSEAD (Fontainebleau, France). In 1978, he attended the six-week Advanced Management Program at Harvard Business School (Cambridge, US. During his professional career he held several positions in companies, such as chairman of De Eik n.v, De Warande vzw, Indufin s.a., and of Cultura Br ...
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Luc Debaillie
Luc Debaillie is a Belgium, Belgian businessman. He is the chairman and managing director of ''Voeders Debaillie'', and chairman of the board of directors of ''De Vervoersverzekeringen''. He was appointed director of Almanij in 1976 and when in 2005, Almanij merged with KBC to form the KBC Group, he became a member of the board of the new group. Together with several other families of the Almanij group, he was one of the investors in the Asphales holding of Piet Van Waeyenberge. Sources De geschiedenis van N.V. Voeders DebaillieRaad van bestuur nieuwe KBC Groep
Belgian businesspeople Living people Year of birth missing (living people) {{Belgium-business-bio-stub ...
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Almanij
Almanij (for ''Algemene'' ''Maatschappij'' voor ''Nijverheidskrediet'', "General Company for Industry") was a Belgian holding company active in financial services, created in 1931 and merged into KBC Group in March 2005. History Almanij was incorporated in 1931 as an initiative of the Catholic Algemeene Bankvereeniging, a Belgian bank founded by the ''Leuvense Volksbank'' (Leuven) in Antwerp in 1921. This was done in order to regroup its industrial holdings in Belgium and Hungary. In 1935, the Middenkredietkas went nearly bankrupt due to the economic crisis, which led to the establishment of the ''Kredietbank'' of which Almanij became a shareholder. The Catholic ''Boerenbond'' (E: Belgian Farmers’ Union) created its own network of savings banks: CERA instead of relying on the Middenkredietkas, which was closely related to the Algemeene Bankvereeniging. In 1949, the ''Kredietbank Luxembourgeoise'' was founded in Luxembourg, which specialized in private banking. In 1997, Almanij ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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Société Générale De Belgique
The ' ( nl, Generale Maatschappij van België; literally "General Company of Belgium") was a large Belgian bank and later holdings company which existed between 1822 and 2003. The ''Société générale'' was originally founded as an investment bank by William I of the Netherlands in 1822 when Belgium was under Dutch rule. After the Belgian Revolution in 1830, it served as the national bank until 1850. Its investments in the national economy contributed to the rapidity of the Industrial Revolution in the region. As a holding company, the ''Société générale'' exercised considerable indirect control over the Belgian and colonial economy. Various elements of the company, including its banking wing, were split off over the course of its existence. In the 1980s, Suez begun to buy up the company's shares and, in 1998, the ''Société générale'' was taken over by Suez Lyonnaise des Eaux. It ceased to exist in 2003 when it was merged with Tractebel to form Suez-Tractebel. His ...
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Carlo De Benedetti
Carlo De Benedetti (born 14 November 1934) ''"Sfide perse e vinte: Repubblica-Mondadori"'', ''Gazzetta di Mantova'', 10 March 1998, webpage is an Italian industrialist, engineer, and publisher. He is both an Italian and naturalized Swiss citizen. He was awarded the Order of Merit for Labour by the Italian state in 1983,http://www.cavalieridellavoro.it/cavaliere.php?numero_brevetto=1985 the ''Medaglia d'oro ai benemeriti della cultura e dell'arte'' (Gold medal of culture and art)http://www.quirinale.it/qrnw/statico/onorificenze/decorato.asp?id=6&ono=2 and the Legion d'Honneur in 1987. De Benedetti is chairman of the Rodolfo De Benedetti Foundation (Fondazione Rodolfo Debenedetti) in Milan, which he founded in 1998 in memory of his father. It promotes research into economic policy decisions regarding the labor market and welfare systems in Europe.
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Financial Capital
Financial capital (also simply known as capital or equity in finance, accounting and economics) is any economic resource measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products or to provide their services to the sector of the economy upon which their operation is based, ''e.g.'', retail, corporate, investment banking, etc. In other words, financial capital is internal retained earnings generated by the entity or funds provided by lenders (and investors) to businesses in order to purchase real capital equipment or services for producing new goods and/or services. In contrast, real capital (or economic capital) comprises physical goods that assist in the production of other goods and services, e.g. shovels for gravediggers, sewing machines for tailors, or machinery and tooling for factories. IFRS concepts of capital maintenance ''Financial capital'' generally refers to saved-up financial wealth, especially that used in or ...
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Belgium
Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to the southwest, and the North Sea to the northwest. It covers an area of and has a population of more than 11.5 million, making it the 22nd most densely populated country in the world and the 6th most densely populated country in Europe, with a density of . Belgium is part of an area known as the Low Countries, historically a somewhat larger region than the Benelux group of states, as it also included parts of northern France. The capital and largest city is Brussels; other major cities are Antwerp, Ghent, Charleroi, Liège, Bruges, Namur, and Leuven. Belgium is a sovereign state and a federal constitutional monarchy with a parliamentary system. Its institutional organization is complex and is structured on both regional ...
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Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recommend ...
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Paul Janssen
Paul Adriaan Jan, Baron Janssen (12 September 1926 - 11 November 2003) was a Belgian physician. He was the founder of Janssen Pharmaceutica, a pharmaceutical company with over 20,000 employees which is now a subsidiary of Johnson & Johnson. Early life and education Paul Janssen was the son of Constant Janssen and Margriet Fleerackers. He attended secondary school at the Jesuit St Jozef college in Turnhout, Belgium after which he decided to follow in his father's footsteps and become a physician. During World War II Janssen studied physics, biology and chemistry at the Facultés universitaires Notre-Dame de la Paix (FUNDP) in Namur. He then studied medicine at the Catholic University of Leuven and Ghent University. In 1951, Janssen received his medical degree ''magna cum laude'' from Ghent University. He graduated with a postdoctoral degree in pharmacology at the same university in 1956, and studied at the Institute of Pharmacology of the University of Cologne. On 16 April 195 ...
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Janssen Pharmaceutica
Janssen Pharmaceuticals is a pharmaceutical company headquartered in Beerse, Belgium, and wholly-owned by Johnson & Johnson. It was founded in 1953 by Paul Janssen. In 1961, Janssen Pharmaceuticals was purchased by New Jersey-based American corporation Johnson & Johnson, and became part of Johnson & Johnson Pharmaceutical Research and Development (J&J PRD), now renamed to Janssen Research and Development (JRD), which conducts research and development activities related to a wide range of human medical disorders, including mental illness, neurological disorders, anesthesia and analgesia, gastrointestinal disorders, fungal infection, HIV/AIDS, allergies and cancer. Janssen and Ortho-McNeil Pharmaceutical have been placed in the Ortho-McNeil-Janssen group within Johnson & Johnson Company. Subsidiaries * Actelion * Cilag AG * Janssen Biotech (formerly ''Centocor'') * Janssen Vaccines (formerly ''Crucell'') * Tibotec * Beijing Dabao Cosmetics Co., Ltd. History The early roots ...
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Duvel Moortgat Brewery
Duvel Moortgat Brewery (Brouwerij Duvel Moortgat) is a Flanders, Flemish family-controlled brewery founded in 1871 in the Antwerp Province (Belgium). Its strong golden pale ale, Duvel, is exported to more than forty countries. Duvel is Brabantian, Ghent and Antwerp dialect for ''devil'', the standard Dutch language, Dutch word being ''duivel'' . Other popular beers include Maredsous and Vedett. History The brewery Moortgat was founded in 1871 by Jan-Leonard Moortgat, who was descended from a family of brewers that lived in Steenhuffel, Belgium. In the 1950s, the third generation of Moortgats took control of the brewery. In the early 1970s, when the company was struggling financially, Moortgat bottled and distributed the Danish beer, Tuborg. The two companies ended this arrangement in the early 1980s, but it did save the brewery, which by then had managed to also set up massive distribution channels for their flagship beer, Duvel. In June 1999, Duvel Moortgat Naamloze Vennootsc ...
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