holding company controlled by groupe fr re bourgeois . with a net asset value close to 1.7 billion euros cnp makes long term investments in european listed and non listed companies with the objective of achieving a return that exceeds its cost of capital through balanced growth of its net asset value and of the dividends distributed to cnp s shareholders with a limited risk profile . we aim to perform our professional shareholder s role along three main axes strategy provide strong oversight and strategic support for management s efforts to create long term value based on sustainable competitive advantages including asset arbitrage investments and disposals people selection of talented managers who drive the value creation of our shareholdings motivating them through a close dialogue while respecting their operating autonomy financial engineering sound financial discipline optimizing nopat capital employed which should exceed the weighted average cost of capital wacc without over leverage . together with groupe bruxelles lambert gbl cnp is one of the main pillars of groupe fr re bourgeois . both gbl and cnp rely on a stable shareholders base cnp is exclusively controlled by mr. albert fr re while gbl is jointly controlled with the desmarais family power corporation of canada . groupe fr re bourgeois refers to fr re bourgeois s.a. and its controlled financial holding companies . its structure has evolved considerably over the years . according to article 5 belgian company laws 2015 groupe fr re bourgeois designed by concerto