Pargesa SA is a wholly-owned subsidiary of Parjointco SA, a belgian investment holding company created in 1990 by the Canadian group Power Corporation (controlled by the Desmarais family) and the Belgian Frère group. Pursuant to the initial agreement signed in 1990 by the two family groups, Parjointco SA is controlled by a group consisting of the Desmarais and Frère groups, acting jointly and on an equal basis. The initial agreement was last extended in 2012 to 31 December 2029, with provision for possible further extension.

Further to a Public Exchange Offer of Pargesa Holding SA bearer shares for GBL (Groupe Bruxelles Lambert) achieved by Pargesa SA, the latter merged with Pargesa Holding SA on
20 November 2020 (see section Exchange Offer - Offre d'échange).

In February 2021, the name of the Company has evolved, from Parjointco Switzerland SA to Pargesa SA. This change was registered in the commercial register of the canton of Geneva on 12 April 2021.