History of the group and recent transactions

2011

• Fimalac Développement, the vehicle for Fimalac's diversified activities, is acquiring a 34% stake in Groupe Lucien Barrière from Accor. Following a reduction in Groupe Lucien Barrière's capital through the cancelation of treasury stock, Fimalac Développement will hold a 40% interest acquired for €186 million. The acquisition is expected to be completed during the first quarter of 2011, once the competition authorities' approval has been obtained.

2010

• In the last quarter of 2010, the office building in London's Canary Wharf financial district was completed and fitted out, in line with the construction contract signed in 2007. Fitch Ratings and Algorithmics' teams moved into the building before the year-end.
• In November 2010, Fimalac Développement acquired the entire capital of Vega, France's leading operator of concert halls, sports venues and conference centers. 
• Fimalac Développement acquired a 40% stake in Gilbert Coullier Productions, France's leading concert and show producer for established French-speaking singers and comedians.
• In July 2010, Algorithmics acquired VIPitech, a UK-based company set up in 2006 that specialises in developing financial and actuarial modelling software.

2009

• Fimalac sold an additional 20% interest in Fitch Group to Hearst Corporation in the second half of 2009. Following completion of this sale, the capital of Fitch Group was 60%-owned by Fimalac and 40% by the Hearst Communication Group.

2007

• In April 2007, Fitch Ratings raised its interest in Korea Ratings, South Korea's leading rating agency, to 53%.
• In June 2007, Fimalac signed a contract for the construction of around 30,000 square meter office building in the prestigious Canary Wharf financial district in London.

2006

• In January 2006, the Group sold the French hand tools company Facom Tools.
• In the first half of 2006, Fimalac sold a 20% interest in the Fitch Group to the Hearst Corporation, one of the world's largest communications groups.

2005

• In January 2005, the Group acquired the Canadian enterprise risk management company Algorithmics.
• In the first half of the year, the Group sold the Italian designer furniture company Cassina.
• In the second half of the year, Fimalac sold the German garage equipment company Beissbarth.