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Belgian billionaire Albert Frere dies at 92

AP  |  Brussels 

Albert Frere, the industrialist who became one of Belgium's richest persons during more than a half-century of deal-making, has died at the age of 92 years, according to his GBL group.

Starting out in the scrap metal sector, his relentless business drive turned him into one of Europe's most until he retired three years ago.

The company said in a statement Monday that "under Frere's leadership, GBL became one of the largest holdings in "

Belgian media said Frere was the nation's fourth-richest person with an estimated fortune of over euros 6 billion (USD 7 billion).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 03 2018. 16:20 IST