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.