The first week of April 1991 was a moment of quiet beginnings. Europe was approaching a period of profound economic change; Luxembourg was already an established meeting place for enterprise and capital. On 3 April, Compagnie Financière Industrielle S.A. was incorporated as a société anonyme.
There is nothing theatrical about a holding company at its best. Its work is to understand what it owns, protect the integrity of its capital and exercise judgment where it matters. Such work leaves few public monuments. It is measured instead in the long continuity of institutions.
Rooted in Luxembourg and part of a European tradition of private capital, the company’s corporate history begins with its incorporation in 1991. Its public classification concerns the holding of majority interests in subsidiaries.
DATE OF INCORPORATION
A history measured in decades.
Across changing market cycles, private capital has had to distinguish durability from fashion. Discretion, prudence and clarity of purpose remain useful standards by which to consider the responsibilities of ownership.
Principles of governance ↗