Sofina Foods Inc.
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Sofina, ''Société Financière de Transports et d'Entreprises Industrielles'', is a Belgian holding company, headquartered in
Brussels Brussels, officially the Brussels-Capital Region, (All text and all but one graphic show the English name as Brussels-Capital Region.) is a Communities, regions and language areas of Belgium#Regions, region of Belgium comprising #Municipalit ...
with offices in
Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...
and
Luxembourg Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...
. As part of the
Bel20 The BEL 20 is the benchmark stock market index of Euronext Brussels. It tracks the performance of 20 most capitalized and liquid stocks traded in Belgium. In general, the index consists of a minimum of 10 and a maximum of 20 companies traded ...
index, it is one of the twenty largest capitalisation in Belgium. The company invests in several industrial sectors such as
telecommunication Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...
(7%),
bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...
s and
insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...
(6%),
private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...
(6%), B2B (18%),
consumer goods A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike an intermediate good, which is used to produce other goods. A microwave oven or a bicycle is a final good. W ...
(31%),
energy Energy () is the physical quantity, quantitative physical property, property that is transferred to a physical body, body or to a physical system, recognizable in the performance of Work (thermodynamics), work and in the form of heat and l ...
(6%),
food distribution Food distribution is the process where a general population is supplied with food. The Food and Agriculture Organization (FAO) considers food distribution as a subset of the Food systems, food system. The process and methodology behind food distri ...
(8%) and various other sectors (10%). Geographically, Sofina has investments located in
Belgium Belgium, officially the Kingdom of Belgium, is a country in Northwestern Europe. Situated in a coastal lowland region known as the Low Countries, it is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeas ...
, France, Luxembourg, the
Netherlands , Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Nether ...
, the
United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...
, China, India and
North America North America is a continent in the Northern Hemisphere, Northern and Western Hemisphere, Western hemispheres. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South Ameri ...
.


History

The company was founded in 1898. It was led from 1905 until 1955 by the Belgian-American engineer of German origin
Dannie Heineman Dannie N. Heineman (23 November 1872 – 31 January 1962) was a Belgian-American engineer and businessman. In 1905, he became the managing director of Sofina, which at the time was a small investment trust. He remained the head of Sofina for 5 ...
(1872-1962). Historically, the company owned the
Anglo-Argentine Tramways Company The Anglo-Argentine Tramways Company (Spanish: ''Compañía de Tranvías Anglo Argentina''), known simply as ''La Anglo'' in Argentina, was a large transportation company which operated the majority of the trams in Buenos Aires, trams in the Bu ...
, which was one of the largest tram operators in the world at the time. From 1955 on, the current family shareholders started to invest.
Yves Boël Yves Boël (12 September 1927, Brussels – 19 June 2012) was a Belgium, Belgian businessman.Société Générale de Belgique The ' (, ; often referred to in Belgium simply as "Société Générale" or SGB) was an investment bank and, subsequently, an industrial and financial conglomerate in Belgium between 1822 and 2003. It has been described as the world's first u ...
.


Governance, management and shareholder structure


Governance and Management

* Chairman of the board:
David Verey Sir David John Verey CBE (born 1950) is an English banker and philanthropist. Early life Verey was born on 8 December 1950. He went to school at Eton College and later received a Master of Arts degree in English from Trinity College, Cambridge. ...
since 2014 (took over from
Richard Goblet d'Alviella Count Richard Goblet d'Alviella family, Goblet d'Alviella (born 6 July 1948) is a Belgian businessman, who studied economics at the Université libre de Bruxelles, (Brussels), and obtained an MBA at the Harvard Business School. He is a son of Je ...
) *Management: Harold Boël, chief executive officer, Xavier Coirbay, Wauthier De Bassompierre, Francois Gillet. Former Managers : Jean-Luc Reginster, former general counsel, former secretary; Marc Speeckaert, former managing director; Marc Van Cauwenberghe, former deputy managing director.


Shareholder structure

The majority of the shares are held by the Boël family. The remaining shares are listed on
Euronext Euronext N.V. (short for European New Exchange Technology) is a European bourse that provides trading and post-trade services for a range of financial instruments. Traded assets include regulated equities, exchange-traded funds (ETF), warrant ...
Brussels and Sofina is part of the
Bel 20 The BEL 20 is the benchmark stock market index of Euronext, Euronext Brussels. It tracks the performance of 20 most capitalized and liquid stocks traded in Belgium. In general, the index consists of a minimum of 10 and a maximum of 20 companie ...
index.


Notable investments

*
Bira 91 Bira 91 is an Indian craft beer brand manufactured by B9 Beverages Pvt. Ltd., launched in 2015. Made from wheat, barley and hops, the beer is available in Draught beer, draft, 330ml, 650ml bottles and 500ml cans. History B9 Beverages Pvt Ltd ...
*
ByteDance ByteDance Ltd. is a Chinese internet technology company headquartered in Haidian, Beijing, and incorporated in the Cayman Islands. Founded by Zhang Yiming, Liang Rubo, and a team of others in 2012, ByteDance developed the video-sharing ap ...
*
Byju's Byju's (stylised as BYJU'S) is an Indian multinational educational technology company, headquartered in Bengaluru. It was founded in 2011 by Byju Raveendran and Divya Gokulnath. As of October 2024, various media outlets reported that Byju's v ...
*
Cambridge Associates Cambridge Associates LLC is a privately held investment firm based in the United States. It provides investment portfolio management and advisory services to institutional investors, including foundations and endowments, pensions, private clients ...
*
Cognita Cognita is a global private schools group which owns and operates schools throughout various countries. The group has over 100 schools and employs over 21,000 staff and teaches 95,000 students across 17 countries. Cognita schools teach 13 diffe ...
* Colruyt *
Danone Danone S.A. () is a French multinational corporation, multinational food-products corporation based in Paris. It was founded in 1919 in Barcelona, Barcelona, Spain. It is listed on Euronext Paris, where it is a component of the CAC 40 stock mark ...
*
Eurazeo Eurazeo is a French private equity firm and investment group headquartered in Paris. It holds a diversified portfolio of €35 billion in assets under management, including €23 billion from third parties, invested in more than 600 companies. ...
*
Flipkart Flipkart Inc. is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as con ...
(made an exit in 2018) *
Myntra Myntra is an Indian fashion e-commerce company headquartered in Bengaluru, Karnataka, India. The company was founded in 2007-2008 to sell personalized gift items. In May 2014, Myntra.com was acquired by Flipkart. In May 2022, Myntra launched ...
*
Pine Labs Pine Labs is an Indian company that provides point of sales systems and payment systems, founded in 1998. The company has a valuation of over US$5 billion. The company makes Android-based point of sale (PoS) machines and has more than 70,000 ...
*
Richemont Compagnie Financière Richemont S.A., commonly known as Richemont, is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. Through its various subsidiaries, Richemont produces and sells jew ...
*
Sequoia Capital Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California, specializing in seed stage, early stage, and growth stage investments in private companies across technology sectors. the firm had appro ...
*
SES SES, S.E.S., Ses and similar variants can refere to: Business and economics * Socioeconomic status * Scottish Economic Society, a learned society in Scotland * SES, callsign of the TV station SES/RTS (Mount Gambier, South Australia) * SES, a ...
* Suez S.A. * Typeform (service) * Vinted (service)


See also

*
Groupe Bruxelles Lambert Groupe Bruxelles Lambert (GBL) is a Belgian holding company invested in multiple industries. It invests in both listed and private companies. Directed by Ian Gallienne, GBL had a net asset value of €22.5 billion and a market capitalisation of â ...


References


External links

*
Sofina news
* For the history and historical archives of the company, se
Association pour la Valorisation des Archives d'Entreprises
* Financial services companies of Belgium Companies based in Brussels Companies listed on Euronext Brussels {{finance-company-stub