By Ian Walker
Umicore shares fell after Groupe Bruxelles Lambert said it sold 19.6 million shares of the Brussels-listed materials-tech and recycling group for 300 million euros ($347.8 million).
Shares were down 12%, at 14.88 euros in early afternoon European trading, leading the STOXX 600 index fallers. They are currently up 49% over the year to date.
GBL said Tuesday that the shares sold represent about 8% of Umicore's issued share capital and half of its stake in the company. The shares were sold via a bookbuild program.
The investment holding company said the sale was in line with the company's portfolio simplification objective.
GBL shares were down 0.8 euros, or 1.1%, at 73.05 euros. They are currently up 11% over the year to date.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
November 18, 2025 07:56 ET (12:56 GMT)
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