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
Générale Location holds today more than 20% of Paris Expo capital, and is to the best of its knowledge its first shareholder.
In accordance with article 356-1 of the Law 66-537 of 24 July 1966, Générale Location declares hereby its intent.
Through Paris Expo, in the context of a very tight competition both in Europe and in the world, Paris has the legitimate ambition to become a leader and a must in the circuit of major shows and events.
In order to achieve this goal, organizers of shows and events, exhibitors and visitors of events held at Paris Expo, must be able to find an environment equipped with upgradeable and first class services up to their expectations.
By sharing in the capital, Générale Location espouses perfectly this logic. Générale Location has indeed demonstrated its good knowledge of the business in a more and more integrated field. Paris Expo intends to participate in the evolution of the Paris market as the European reference in the new event/ show offer. With a coherent industrial positioning, Générale Location can meet the organizers' new expectations.
As an investor, strengthened by its knowledge of the business, and taking into account the waiver to the obligation to lodge a take-over bid, granted on 31 July 1999 by CMF to the shareholders participating in the Paris Expo shareholder pact, Générale Location is analyzing the elements which could have an influence on its level of participation in Paris Expo.
Considering its status as a shareholder of reference and as an industrial in the heart of the business, in France as well as around the world, Générale Location is convinced that it can usually share with the board of directors its vision and its experience for the expansion of the company whilst respecting the corporate objects, and the development of the business of Shows and Events. Therefore, Générale Location wishes to study with the grantee and the grantor the opportunity to become a board member. The company reserves the right to make its position evolve in the capital and plans, as of next financial year, to consolidate Paris Expo results under the equity method.
Générale Location will announce the evolution of its net sales on 9 November 1999.
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