Valuation
Strategic assessment to

Clairfield Benelux, alongside Nomura and Leonardo & Co, advised the Belgian State and SFPI-FPIM on the analysis and assessment of their principal financial assets
The Belgian Federal Holding and Investment Company (SFPI-FPIM) centrally manages the Belgian federal government’s shareholdings, cooperates with the government on specific projects and pursues its own investment policy in the interests of the Belgian economy.
The core business of the SFPI-FPIM, on one hand as an investment company and on the other hand as a holding company, are as follows:
1. SFPI-FPIM’s objective is to invest in companies with attractive social value in one of the priority sectors.
2. Acquiring equity in companies that are of strategic importance in terms of federal policy, by either making use of their own funds or by using funds that the State provides per project. In the latter case, the SFPI-FPIM acts “on a delegated assignment”.