Compagnie du Cambodge: management transactions · France · AMF

About Compagnie du Cambodge

Compagnie du Cambodge is a French listed company on Euronext Paris under ISIN FR001400SUB7 and ticker CBDG. Historically, it belongs to the Bolloré group’s holding-company universe and now serves primarily as an investment and consolidation vehicle for group participations. Its headquarters are in Puteaux, in the Tour Bolloré, and its investor communication is centered on regulated disclosures and major restructuring steps within the Bolloré perimeter. The company’s business model is that of a holding company rather than a traditional operating industrial firm. Compagnie du Cambodge holds and consolidates stakes in several group entities, notably Financière Moncey, La Forestière Équatoriale and IER. According to the company’s official presentation, Financière Moncey is itself a holding company managing an investment portfolio, while IER is a major player in pedestrian access systems and in integrated flow-control solutions for train stations and airports. La Forestière Équatoriale is also a holding company and has had no significant operating activity since certain African assets were sold. A major corporate transformation took place in 2024. On 31 October 2024, Compagnie du Cambodge absorbed Société des Chemins de Fer et Tramways du Var et du Gard, and as of 1 November 2024 it took control of Financière Moncey and Société Industrielle et Financière de l’Artois, thereby widening its consolidated perimeter. This transaction materially changed reported revenue, with 2024 consolidated sales of EUR 31.3 million versus EUR 0.2 million a year earlier, mainly due to the integration of additional assets. Financially, the company is driven mainly by portfolio income, especially dividends and financial income. In 2024, financial income reached EUR 54.1 million, while net income attributable to the group amounted to EUR 40.3 million. In the first half of 2025, consolidated revenue rose to EUR 66.2 million and net income attributable to the group reached EUR 20.7 million, reflecting the broader consolidation scope and the increased contribution of subsidiaries. Since September 2024, Compagnie du Cambodge has also been the subject of a public buyout offer followed by a squeeze-out initiated by Bolloré SE. The cash offer price was raised in late 2024 to EUR 110 per share, underscoring the group’s intent to simplify its shareholding structure. Overall, Compagnie du Cambodge should be viewed as a French listed holding company with diversified stakes, limited standalone operating activity, and exposure primarily tied to the broader Bolloré group structure.