Everything about Soci T G N Rale De Belgique totally explained
The
Société Générale de Belgique (
Dutch:
Generale Maatschappij) was one of the largest
companies that ever existed in
Belgium. It was founded in
1822 by
William I, and existed until
2003, when its then sole shareholder,
Suez Lyonnaise des Eaux, merged it with
Tractebel to form Suez-Tractebel.
History
King
William I of the Netherlands, founded the company in
1822 under the name
Algemeene Nederlandsche Maatschappij ter Begunstiging van de Volksvlijt, a company that had the goal of increasing the welfare of the country. After the
Belgian Revolution of
1830, the company became
Belgian, under the
French name
Société Générale de Belgique. It then served until
1850 as the
National Bank of Belgium.
In the years before the
Second World War, the company invested in roads, railroads and canals. It was also the main operation in the Belgian colonies, like in the
Belgian Congo. After the
1929 Crash, the company split off its banking segment (1934), becoming the
Generale Bank (now
Fortis), but remained its largest stockholder.
Starting in the end of the
1980s, the
Suez company started to obtain a large portion of the Société Générale's stock, which resulted in the full take-over of the company in
1998, by Suez Lyonnaise des Eaux.
Subsidiaries once (majority) owned by the Société Générale
Directors
Étienne Davignon
Ferdinand De Meeus
Emile Francqui
Alexandre Galopin
Jean Jadot
Rene Lamy
Jules Van Praet
Edgar Sengier
Further Information
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