As an integrated Group operating in all event professions, GL events works in three major segments:
event organisation, event venue management and services for fairs, congresses and events.
© Odile Decq architect / Felice Varini – Altitude 150
"Venue management is becoming increasingly a strategic axis of development for the Group, a relay of long-term visibility and recurrence", Olivier GINON, President of Générale Location declared on 6 March 2002.
After the congress centers of Lyon, Saint Etienne, Clermont-Ferrand, Toulouse and Barcelona that we proudly announced because of its international potential, we just signed the final acquisition agreement of the operating company of the Exhibition Center of Toulouse. The shares will be acquired after the Local Council of the city of Toulouse gives its support.
This agreement grants 67% of the capital of SNFERT which is in charge of the management of the Exhibition Center.
Following the explosion of the AZF plant, the center was shut down temporarily so as to proceed with the restoration works in partnership with the insurance companies which were overseeing the damage. The complete re-opening of the center is planned for September 2002, even though certain halls are already operational. Through this acquisition which follows the concession grant of the congress center Pierre Baudis of Toulouse, Générale Location confirms its presence in this area. Moreover, the Group has been doing business in Toulouse since 1980, providing services to events and exhibitions organizers.
Expected sales for 2003 will be around 7 or 8 million euros.
The synergies, which call for all the services the Group offers, will be developed foreseeing thus a significant increase in the activity.
GL events, bringing people together
Managing Director Corporate Finances and Administration : Erick ROSTAGNAT
Telephone : + 33 4 72 31 54 20
Fax : + 33 4 26 20 42 00
Email : email@example.com
Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581