Mid- 13th century

Creation, in France, of the first joint stock company

Around 1250, some cit­izens of Toulouse joined forces to set up the « Société des Moulins de Bazacle », whose ninety-​​six shares were traded at a price that varied according to eco­nomic con­di­tions and the per­formance of the mills. It became the « Société civile anonyme du Moulin du Bazacle » from the 19th century. In 1888, the water mill was turned into a hydro­electric plant. In 1910, it became the « Société toulou­saine d’électricité du Bazacle ». It was nation­alised in 1946, like the rest of the elec­tricity sector.