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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (38910)	6/28/2011 3:37:03 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78679

re Pargesa - after they sold their stake in Imerys (NK.PA) to Groupe Bruxelles (GLBL.BR), Pargesa is now totally redundant from an economical point of view, since all they own is a stake in GLBL.BR (~52%+). I wonder if Frere or Power Co, who jointly own Pargesa and hence indirectly control GlBL.BR are just going to fold the two entities into one. In my opinion, GLBL.BR would be most likely the surviving entity, which probably means it's better to hold Pargesa. Frere already eliminated NAT.BR, so I think there is a plan to clean up the complex ownership structure and realize some of the discounts in NAV, which may be good for minority shareholders who ride along. I don't own either one right now but have been looking at GLBL.BR sub 60 Euro.