Belgium real estate – RGLB http://rglb.org/ Thu, 17 Nov 2022 06:35:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://rglb.org/wp-content/uploads/2021/06/icon-2021-06-25T174556.459-150x150.png Belgium real estate – RGLB http://rglb.org/ 32 32 D’Ieteren: Carlos Brito succeeds Gary Lubner as CEO of Belron https://rglb.org/dieteren-carlos-brito-succeeds-gary-lubner-as-ceo-of-belron/ Wed, 16 Nov 2022 17:19:16 +0000 https://rglb.org/dieteren-carlos-brito-succeeds-gary-lubner-as-ceo-of-belron/ He will join the company in January and take over as CEO in March 2023, after a handover period. Gary Lubner, CEO of Belron since 2000, will remain on the Board of the Belron Group after the handover. Carlos Brito is one of the greatest business leaders in the world. He has extensive experience, including […]]]>

He will join the company in January and take over as CEO in March 2023, after a handover period. Gary Lubner, CEO of Belron since 2000, will remain on the Board of the Belron Group after the handover.

Carlos Brito is one of the greatest business leaders in the world. He has extensive experience, including leading AB InBev, a global business of more than 164,000 people, and an outstanding track record of creating stakeholder value and developing leaders. He grew AB InBev from a regional player to the largest beer company in the world, making it one of the world’s leading consumer packaged goods companies and one of the most profitable. Execution-oriented and strongly people-oriented, Carlos Brito fits perfectly into the Belron culture and has all the skills required to lead Belron in the next phase of its development as a sustainable and responsible company.

Since Gary Lubner took over as CEO in 2000, Belron has grown steadily through geographic expansion, market share gains and value-added acquisitions, as well as investing in new technologies and innovation. innovation, transforming the company into a global leader in vehicle glass repair, replacement and recalibration and positioning the group for a promising future.

Nicolas D’Ieteren, Chairman of the D’Ieteren Group and Belron, said“I am very pleased to welcome Carlos Brito to Belron. He is one of the greatest business leaders of his generation and his appointment reflects the incredible work that Gary Lubner and his team have done to develop Belron over the past 22 years. His arrival demonstrates the energy and enthusiasm we all feel for the opportunities that lie before us for the future of the Group. We are convinced that Carlos Brito is the right leader at the right time to continue to build on our tremendous success and write the next chapter of Belron.

“I would like to thank Gary personally and on behalf of the Board for his enormous contribution to the successful development of the company as CEO for over 22 years. We are also delighted to keep Gary on the Board. of Belron and we look forward to benefiting from his enormous experience in the field. Dear Gary, as we say in French – Bravo et Merci.”

Gary Lubner, current CEO of Belron, said“I am delighted to hand over the stewardship of this exceptional business to Carlos Brito. He is the ideal CEO to drive Belron forward, bringing with him an unrivaled track record of growing businesses and operating at the highest level. This is a testament to our business , our brands, our people and our investors that we have attracted one of the world’s brightest CEOs to lead Belron into the next phase of its development.”

“His deep interest in every aspect of our business is striking, and I know our values-driven culture is a priority for him as he seeks to grow the business. On behalf of my 30,000 colleagues around the world , I would like to offer him a warm welcome to the company.”

Carlos Brito said“Belron is a unique company with a clear path to sustainable and responsible growth at an important stage in its development. This is exactly the opportunity I’ve been waiting for and I’m really looking forward to getting to know the company better and meet my new colleagues.”

Group profile

Existing since 1805, and through family generations, the D’Ieteren group seeks growth and value creation by pursuing a long-term strategy for its businesses and actively encouraging and supporting them to develop their position in their industry. and their geographical areas. The Group currently has the following activities:

  • Belron (50.01%) has a clear goal: “to make a difference by solving people’s problems with real care”. It is the world leader in vehicle glass repair and replacement and operates in 37 countries, through wholly owned businesses and franchises, with market leading brands including Carglass®, Safelite® and Autoglass ®. In addition, Belron handles vehicle glazing and other insurance claims on behalf of insurance customers. Revenue and EBITA reached €4,647 million and €815 million respectively in FY21.
  • D’Ieteren Automotive (100%) distributes Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Cupra, Rimac and Porsche vehicles in Belgium. It has a market share of more than 23% and 1.2 million vehicles in circulation. Its economic model is evolving towards “improving the lives of citizens with fluid, accessible and sustainable mobility”. Revenue and EBITA reached €3,239 million and €103 million respectively in FY21.
  • PHE (91%) is a leader in the independent distribution of spare parts for vehicles in Western Europe, present in France, Belgium, the Netherlands, Luxembourg, Italy and Spain. Its mission is to “promote affordable and sustainable mobility”. It generated sales of €2.0 billion and EBITDA of €246 million in FY21.
  • HST Parts (40%), is a leading independent global distributor of aftermarket parts for material handling, construction, industrial and agricultural equipment. It operates in 26 countries around the world. It has a unique operating model and has a clear goal of “keeping customers in business and growing”.
  • Moleskin (100%) is a high-end, aspirational lifestyle brand that develops and sells iconic branded notebooks and writing, travel and reading accessories through a global multi-channel platform. Its purpose is to “unleash human genius through hands on paper to empower the creativity and knowledge of each individual and of the entire world”. Revenue and EBITA reached €122m and €12m respectively in FY21.
  • D’Ieteren Immo (100%) brings together the Belgian real estate interests of the D’Ieteren Group. It owns and manages 37 sites which generated €21.7m in net rental income in FY21. It also pursues investment projects and carries out studies on possible site renovations.

Contact

Francis Deprez, Chief executive officer
Arnaud Laviolette, Financial director

Stéphanie Voisin, Investor Relations Tel: + 32 (0)2 536.54.39
Anne-Catherine Zoller, Corporate Communications Manager – Tel: +32 (0)2 536.55.65

Email: financial.communication@dieterengroup.com – Website: www.dieterengroup.com

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D’Ieteren: Purchase and disposal of own shares https://rglb.org/dieteren-purchase-and-disposal-of-own-shares/ Wed, 09 Nov 2022 17:01:29 +0000 https://rglb.org/dieteren-purchase-and-disposal-of-own-shares/ Nov. 9, 2022 – Treasury shares Repurchase and disposal of own shares under the share buyback program and the liquidity contract – This is a summary. For more details, please see the full press release – In accordance with Articles 8:4 and 8:6 of the Royal Decree of 29 April 2019 implementing […]]]>


Nov. 9, 2022 – Treasury shares

Repurchase and disposal of own shares under the share buyback program and the liquidity contract

This is a summary. For more details, please see the full press release

In accordance with Articles 8:4 and 8:6 of the Royal Decree of 29 April 2019 implementing the Code of Companies and Associations, the D’Ieteren Group announces today the purchase and sale of own shares on the regulated market of Euronext Brussels and/or an MTF between 2 and 8 November 2022.

The extraordinary general meeting of shareholders of the D’Ieteren Group renewed on May 31, 2018 the powers of the board of directors to acquire and sell own shares for a period of 5 years.

The total number of treasury shares held by the D’Ieteren Group amounted to 1,185,059 as of November 8, 2022. The total number of ordinary shares amounts to 54,367,928.

– End of summary –

Group profile

Existing since 1805, and through family generations, the D’Ieteren group seeks growth and value creation by pursuing a long-term strategy for its businesses and actively encouraging and supporting them to develop their position in their industry. and their geographical areas. The Group currently has the following activities:

  • Belron (50.01%) has a clear goal: “to make a difference by solving people’s problems with real care”. It is the world leader in vehicle glass repair and replacement and operates in 37 countries, through wholly owned businesses and franchises, with market leading brands including Carglass®, Safelite® and Autoglass ®. In addition, Belron handles vehicle glazing and other insurance claims on behalf of insurance customers. Revenue and EBITA reached €4,647 million and €815 million respectively in FY21.
  • D’Ieteren Automotive (100%) distributes Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Cupra, Rimac and Porsche vehicles in Belgium. It has a market share of more than 23% and 1.2 million vehicles in circulation. Its economic model is evolving towards “improving the lives of citizens with fluid, accessible and sustainable mobility”. Revenue and EBITA reached €3,239 million and €103 million respectively in FY21.
  • PHE (91%) is a leader in the independent distribution of spare parts for vehicles in Western Europe, present in France, Belgium, the Netherlands, Luxembourg, Italy and Spain. Its mission is to “promote affordable and sustainable mobility”. It generated sales of €2.0 billion and EBITDA of €246 million in FY21.
  • HST Parts (40%), is a leading independent global distributor of aftermarket parts for material handling, construction, industrial and agricultural equipment. It operates in 26 countries around the world. It has a unique operating model and has a clear goal of “keeping customers in business and growing”.
  • Moleskin (100%) is a high-end, aspirational lifestyle brand that develops and sells iconic branded notebooks and writing, travel and reading accessories through a global multi-channel platform. Its purpose is to “unleash human genius through hands on paper to empower the creativity and knowledge of each individual and of the entire world”. Revenue and EBITA reached €122m and €12m respectively in FY21.
  • D’Ieteren Immo (100%) brings together the Belgian real estate interests of the D’Ieteren Group. It owns and manages 37 sites which generated €21.7m in net rental income in FY21. It also pursues investment projects and carries out studies on possible site renovations.

Contact

Francis Deprez, Chief executive officer
Arnaud Laviolette, Financial director

Stéphanie Voisin, Investor Relations Tel: + 32 (0)2 536.54.39
Email: financial.communication@dieterengroup.com – Website: www.dieterengroup.com

Disclaimer

D’Ieteren SA published this content on November 09, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on November 09, 2022 17:00:07 UTC.

Public now 2022

All the news of the GROUPE D’IETEREN

2022 sales 3,843 million
3,862 million
3,862 million
2022 net income 431M
433M
433M
Net debt 2022

PER 2022 ratio 18.2x
2022 return 1.45%
Capitalization 8,931 million
8,975 million
8,975 million
capi. / Sales 2022 2.32x
capi. / Sales 2023 1.86x
# of employees 2006
Floating 37.1%


Duration :

Period :




D'Ieteren Group Technical Analysis Chart |  MarketScreener

Trends in technical analysis GROUPE D’IETEREN

Short term Middle term Long term
Tendencies Bullish Bullish Neutral




Evolution of the income statement

Sale

To buy

Medium consensus TO BUY
Number of analysts 3
Last closing price €167.10
Average target price €207.67
Average Spread / Target 24.3%


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The Cementir group announces a turnover of 1248 million euros in 9M22 https://rglb.org/the-cementir-group-announces-a-turnover-of-1248-million-euros-in-9m22/ Fri, 04 Nov 2022 09:00:06 +0000 https://rglb.org/the-cementir-group-announces-a-turnover-of-1248-million-euros-in-9m22/ Cementir Group revenue from sales and services in 9M22 reached €1,248.2 million, up 23.8% from €1,008.3 million in 9M21. The increase in revenue is mainly due to higher prices, offsetting higher costs for fuel, electricity, raw materials, transport and services, Cementir said. In the first nine months of 2022, Cementir reported that its cement and […]]]>

Cementir Group revenue from sales and services in 9M22 reached €1,248.2 million, up 23.8% from €1,008.3 million in 9M21. The increase in revenue is mainly due to higher prices, offsetting higher costs for fuel, electricity, raw materials, transport and services, Cementir said.

In the first nine months of 2022, Cementir reported that its cement and clinker sales volumes amounted to 8.2 Mt, down 1.7% compared to the same period of 2021. was mainly attributable to the performance of subsidiaries in Turkey, Denmark, China and Egypt, Cementir said.

Sales volumes of ready-mixed concrete, equal to 3.5 Mm3down 6% due to the decrease recorded in Turkey, Denmark, Belgium and Sweden. In the aggregates sector, sales volumes amounted to 7.9Mt, down 4.9% compared to 9M21, with growth in Turkey and Belgium, offset by negative trends in Sweden and Denmark.

At 1080.2 million euros, operating costs increased by 34.2% compared to 804.9 million euros in the first nine months of 2021. The cost of raw materials amounted to 616, 5 million euros, up more than 51%, compared to 406.8 million euros in the first nine months. 2021, due to rising fuel prices on international markets.

At €148.3 million, personnel expenses increased by 7.5% compared to €138.1 million for the same period in 2021. Other operating expenses, at €315.4 million, increased by 21.3% compared to €260 million in the first nine months of 2021, mainly due to the evolution of transport costs.

EBITDA was €252.9 million, up 17.6% from €215.1 million in the first nine months of 2021. EBITDA included non-recurring revenue of 10 .7 million euros related to the update of the assessment of the value of non-industrial real estate in Turkey. The increase in EBITDA is attributable to better results in Belgium, Denmark, Turkey, the United States and Egypt, while the Asia-Pacific region and Sweden saw lower results.

Cementir’s results in 3Q22
Sales and services revenue was €443 million in 3Q22, an increase of 28.9% compared to €343.8 million in 3Q21. The increase in revenues affected all geographies, mainly in Turkey (45%), the Nordic and Baltic countries (20%), the United States (38%) and Belgium (17%).

Operating expenses amounted to 365.2 million euros (268.2 million euros – 3Q21), an increase of 36.2%. This increase is mainly due to the increase in the cost of purchasing raw materials, fuels and transport as well as other operating costs. EBITDA, amounting to 98.1 million euros, increased by 20.3% compared to 3Q21 (81.6 million euros). EBIT amounted to 69.3 million euros (54.3 million euros – 3Q21).

Cement and clinker sales reached volumes of 2.8 Mt, down 3.3% compared to 3Q21, mainly due to negative developments in Turkey. 1.2mm Ready Mixed Concrete Sales Volumes3 decreased by 8% due to the negative performances of Turkey, Belgium and Denmark. In the aggregates segment, sales volumes amounted to 2.4 Mt, down 13.5%, mainly due to the performance in the Nordic and Baltic area and in Belgium.

Published under Cement News

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VGP NV: Financial Calendar https://rglb.org/vgp-nv-financial-calendar/ Mon, 31 Oct 2022 17:00:00 +0000 https://rglb.org/vgp-nv-financial-calendar/ 31 October 2022, 06:00pme, Antwerp, Belgium: VGP NV (“VGP” or “the Group”), a European provider of high-quality logistics and semi-industrial real estate, has announced that, in order to ensure faster transparency on operational performance, the Group has decided to publish interim trading updates closer to the end of the respective period. The publication of the […]]]>

31 October 2022, 06:00pme, Antwerp, Belgium: VGP NV (“VGP” or “the Group”), a European provider of high-quality logistics and semi-industrial real estate, has announced that, in order to ensure faster transparency on operational performance, the Group has decided to publish interim trading updates closer to the end of the respective period. The publication of the trading update for the first 10 months of 2022 is now scheduled for November 3, 2022 at 7:00 a.m. CET.

The financial calendar until the end of 2023 is planned as follows:

10M 2022 Business Update November 3, 2022
Financial results for the year 2022 February 23, 2023
Publication Annual Report 2022 April 11, 2023
4M 2023 Commercial Update May 4, 2023
Financial results for the first half of 2023 August 24, 2023
10M 2023 Business Update November 3, 2023

CONTACT INFORMATION FOR INVESTORS AND MEDIA INQUIRIES

Investor Relations Tel: +32 (0)3 289 1433
Investor.relations@vgpparks.eu
Karen Huybrechts
(Marketing Director)
Tel: +32 (0)3 289 1432

ABOUT VGP

VGP is a pan-European developer, manager and owner of high quality logistics and semi-industrial real estate. VGP operates a fully integrated business model with longstanding capabilities and expertise across the entire value chain. The company has a development land fund (owned or committed) of 11.31 million m² and the strategic axis is the development of business parks. Founded in 1998 as a Belgian family-owned property developer in the Czech Republic, VGP, with a workforce of approximately 380 FTEs, today operates in 19 European countries directly and through several 50/50 joint ventures. As of June 2022, VGP’s gross asset value, including 100% joint ventures, was €6.53 billion and the company had a net asset value (EPRA NTA) of 2. 34 billion euros. VGP is listed on Euronext Brussels. (ISIN: BE0003878957). For more information, please visit: http://www.vgpparks.eu

  • VGP – Financial calendar – October 31, 2022 (EN)

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Convergent Finance LLP enters into a strategic partnership with the Belgian company Ackermans & van Haaren https://rglb.org/convergent-finance-llp-enters-into-a-strategic-partnership-with-the-belgian-company-ackermans-van-haaren/ Sat, 29 Oct 2022 09:13:51 +0000 https://rglb.org/convergent-finance-llp-enters-into-a-strategic-partnership-with-the-belgian-company-ackermans-van-haaren/ Bombay (Maharashtra) [India], October 29 (ANI/NewsView): Convergent Finance LLP (“Convergent”) announced today that it has entered into a strategic partnership with Ackermans & van Haaren (“AvH”), an independent and diversified group aimed at creating shareholder value through -term investments in a limited number of companies with international growth potential. The AvH group represented, economically, a […]]]>

Bombay (Maharashtra) [India], October 29 (ANI/NewsView): Convergent Finance LLP (“Convergent”) announced today that it has entered into a strategic partnership with Ackermans & van Haaren (“AvH”), an independent and diversified group aimed at creating shareholder value through -term investments in a limited number of companies with international growth potential. The AvH group represented, economically, a turnover of 6 billion euros in 2021 and is based in Antwerp, Belgium.

Through this partnership, Convergent seeks to leverage the operational and industry expertise of AvH and its global networks. Convergent expects this partnership to help its platform companies (whose activities are global) to explore opportunities within AvH’s sphere of influence. Through this partnership, AvH plans to leverage the Convergent team’s diverse network and decades of expertise in investing in Indian companies and create industry and co-investment partnerships over time. Additionally, as part of this partnership, John-Eric Bertrand (“John-Eric”), co-CEO of AvH, will be appointed Chairman of the Convergent Advisory Board. John-Eric, who has held various management positions at AvH during his 14 years with the group, will work closely with Convergent on investments and future strategies.

Harsha Raghavan, Managing Partner of Convergent, welcomed the partnership and said, “Convergent’s main goal is to partner with great companies and help them grow into global leaders. We hope our partnership with AvH will help our platforms achieve this by leveraging the group’s network and experience in helping businesses grow. We are also delighted to have John-Eric chair the advisory board. As Chairman, he will work with our platform companies on issues such as targeted acquisitions, organic growth opportunities and ESG. John-Eric commented, “The Convergent leadership team has proven its relevance and distinctiveness in the dynamic Indian market by actively supporting entrepreneurs and leadership teams in building effective market leaders, relentless focus on improving performance throughout the value chain. AvH and Convergent share similar investment philosophies, aiming to enter into a long-term partnership with families and management teams in companies with strong track records of operational and financial success. Myself and the rest of the AvH team are excited to partner with Convergent to identify investment opportunities and then work with these companies to expand their businesses. »

Convergent is a forward-thinking investment management and advisory partnership for bringing together ideas, capital and passionate entrepreneurs. Convergent’s investment process involves identifying a proprietary platform and complementary opportunities, speed of execution, and a constant focus on improving performance. The convergent value investing approach believes in paying fair and reasonable valuations through bilaterally negotiated transactions. Ackermans & van Haaren is a diversified group operating in 4 key sectors: Marine Engineering & Contracting, Private Banking, Real Estate and Energy & Resources. In its Growth Capital segment, AvH also provides growth capital to sustainable companies in various sectors.

From an economic point of view, the AvH group represented in 2021 a turnover of 6.0 billion euros and employed 22,563 people thanks to its share in the participations. AvH is listed on Euronext Brussels and is part of the BEL20 index and the European DJ Stoxx 600 index. This story was provided by NewsSee. ANI shall in no way be responsible for the content of this article. (ANI/NewsView)

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

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ALI and IMI boards reorganized after FZA resignation – Manila Bulletin https://rglb.org/ali-and-imi-boards-reorganized-after-fza-resignation-manila-bulletin/ Tue, 25 Oct 2022 08:46:00 +0000 https://rglb.org/ali-and-imi-boards-reorganized-after-fza-resignation-manila-bulletin/ Further changes in leadership roles are being implemented in the Ayala Group of Companies following the resignation of Fernando Zobel from Ayala (FZA) for health reasons. Real estate giant Ayala Land Inc. revealed to the Philippine Stock Exchange that Jaime Augusto Zobel de Ayala (JAZA) was elected Chairman of the Board of Directors while his […]]]>

Further changes in leadership roles are being implemented in the Ayala Group of Companies following the resignation of Fernando Zobel from Ayala (FZA) for health reasons.

Real estate giant Ayala Land Inc. revealed to the Philippine Stock Exchange that Jaime Augusto Zobel de Ayala (JAZA) was elected Chairman of the Board of Directors while his daughter Mariana Zobel de Ayala was elected Director, both for the term unexpired from FZA.

Ayala Corp. President and CEO Fernando Zobel de Ayala

Ms Zobel was also appointed as an additional member of the sustainability committee to serve until the next organizational meeting of the board of directors after the annual meeting of shareholders in 2023.

Meanwhile, Integrated Micro-electronics Inc. revealed that its Board of Directors accepted the resignations of Chairman JAZA and Director FZA and elected Jaime Z. Urquijo to replace FZA and Roland Joseph L. Duchâtelet to replace JAZA .

Jaime Augusto Zobel de Ayala, President of Ayala Corp.

This was after approval by IMI’s Corporate Governance and Nominating Committee and election by the other IMI Board members, who still constituted a quorum.

The IMI Board of Directors also reviewed and approved the appointment of Delfin L. Lazaro as Chairman of the Board to replace JAZA who will remain involved in overseeing the strategy, vision and growth of IMI. ‘IMI in his capacity as Chairman of AC Industrial Technology Holdings, the parent company of IMI, and Ayala Company.

Urquijo is currently a director of Bank of the Philippines Islands, AC Industrial Technology Holdings, Inc., Merlin Solar Technology, Inc., Merlin Solar Technology (Phils.), Inc., ACE Enexor, Inc. and ACE Endevor, Inc. He is the Assistant Vice President of Business Development for ACEN’s International Business Unit.

Prior to that, he was Head of Strategy and Development at Ayala Corporation. From 2014 to 2016, he was seconded to AF Payments, Inc., where he served as a business development manager overseeing the launch of the Beep Card payment system.

Before joining the Ayala Group, he was a partner at JP Morgan in New York. Urquijo earned his Bachelor of Arts in Political Science from the University of Notre Dame, Indiana, USA, and earned his Masters in Business Administration from INSEAD, France.

Duchâtelet, 75, Belgian, has worked for several companies in Belgium and Germany. He created several companies throughout his career, organizing around fifty acquisitions or disposals of companies in the meantime. One of them was EPIQ, which is now part of IMI.

Together with his business partners Rudi De Winter and Françoise Chombar, he created Melexis, a company that won them the title of “Company of the Year” in 2000.

In the year 2000, Duchâtelet became active in Internet commerce. Between 2007 and 2010 he was a member of the Belgian Senate.

Duchâtelet graduated in engineering and applied economics from the University of Louvain. He also earned his Masters in Business Administration from the same university.

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Following Labor Secretary Marty Walsh’s Visit, Blink Charging Announces Plans to Expand U.S. Manufacturing Capabilities https://rglb.org/following-labor-secretary-marty-walshs-visit-blink-charging-announces-plans-to-expand-u-s-manufacturing-capabilities/ Tue, 18 Oct 2022 20:17:00 +0000 https://rglb.org/following-labor-secretary-marty-walshs-visit-blink-charging-announces-plans-to-expand-u-s-manufacturing-capabilities/ Blink Charging Co. Blink Charging Reaffirms Commitment to US Manufacturing with New Facility to Expand Charging Capabilities and Support Electric Vehicle Sales Growth and Governments’ Ambitious Electric Vehicle Charging Infrastructure Plans The new facility will add up to 300 additional highly-skilled US manufacturing jobs and produce Buy America-compliant Level 2 (L2) AC and Direct Current […]]]>

Blink Charging Co.

  • Blink Charging Reaffirms Commitment to US Manufacturing with New Facility to Expand Charging Capabilities and Support Electric Vehicle Sales Growth and Governments’ Ambitious Electric Vehicle Charging Infrastructure Plans

  • The new facility will add up to 300 additional highly-skilled US manufacturing jobs and produce Buy America-compliant Level 2 (L2) AC and Direct Current (DCFC) chargers.

  • The estimated capacity of the new facility will have a minimum of 10,000 DCFCs and 20,000 to 40,000 L2 chargers per year

  • Previously, Blink requested an increase in capacity at its Bowie, MD manufacturing facility from 10,000 units to 50,000 units by 2024. Today’s announcement will further increase production of chargers in the United States. United to 100,000 chargers per year.

Miami Beach, Fla., Oct. 18, 2022 (GLOBE NEWSWIRE) — Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner and operator of electric vehicle (EV) charging equipment and services, today announced , following a roundtable with US Secretary of Labor Marty Walsh, its commitment to establish a new manufacturing plant in the United States, which will create new jobs and increase loader production capacity to meet demand growing market.

Blink has launched its search to locate a state-of-the-art manufacturing facility in the United States that will provide up to 200,000 square feet of space, with potential future growth, and create approximately 300 additional jobs for highly skilled workers such as en as engineers and manufacturing personnel to Blink’s current workforce. The brand new facility will use the latest technology to manufacture both DCFC and Level 2 chargers. The facility will have an initial production capacity of 10,000 DCFCs and 20,000 to 40,000 Level 2 (AC) chargers.

Blink employs over 300 people in the United States with its headquarters in Miami Beach, FL with additional offices and facilities in Tempe, AZ, Bowie, MD, and Los Angeles, CA. With its international staff, Blink has nearly 600 employees worldwide with overseas offices in the Netherlands, UK, Greece, Belgium and India. Along with its in-house staff, Blink works with a diverse group of suppliers and contractors supporting another 700 esteemed jobs nationwide. The addition of jobs at the new plant reinforces Blink’s commitment to American manufacturing, bringing the company’s total estimated workforce in the United States to nearly 600 employees over the next few years. .

Blink retained global commercial real estate services firm, Cushman & Wakefield, for its research and narrowed the location of the US site to a handful of states, including Florida, Texas, Tennessee and Carolina. South.
“We are excited to help Blink identify a location and execute delivery for a new state-of-the-art manufacturing facility in the United States. Blink is a major player in the electric vehicle charging space and this facility will be paramount. in supporting their future growth,” said Andy Heymann, Managing Director of Cushman & Wakefield.

“This is an incredible opportunity to reaffirm our commitment to building Blink EV chargers here in the United States and to play a vital role in growing our national EV infrastructure while creating valuable American jobs,” said Michael D. Farkas, Chairman and CEO of Blink. Charging. “At Blink, we are committed to helping build the electric vehicle charging infrastructure in the United States and contributing to the economy with high-end manufacturing jobs, as well as indirect positions from facilities, operations and maintenance. We look forward to working with the Biden administration and Secretary Walsh to continue manufacturing here in the United States”

Blink’s commitment to American manufacturing goes hand in hand with the Biden administration’s commitment to the electric vehicle industry. Through the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), the Biden administration has put America on the path to achieving the President’s goal to strategically place 500,000 chargers on the country’s roads to transition the country to electric vehicles seamlessly. . These landmark laws will accelerate the electrification of transportation while creating well-paying American jobs and helping reduce emissions across all sectors of the economy.

During his visit to Blink Charging Headquarters, Secretary Walsh reaffirmed the administration’s commitment to making electric vehicle charging more affordable and accessible while generating new economic opportunities that support well-paying jobs across the country. The relocation of US manufacturing jobs will boost the country’s economic growth.

“Blink’s commitment to Made in America is a crucial example of how public-private partnerships can be harnessed to create well-paying union jobs while reducing pollution and improving America’s energy security,” the director said. Secretary of Labor Marty Walsh. “The Biden-Harris administration is proud to underscore this level of industry partner involvement as we implement historic investments to secure our national electric vehicle supply chain and rapidly expand a nationwide network of charging stations. charging stations for electric vehicles.

###

About Flashing Load

Blink Charging Co. (Nasdaq: BLNK, BLNKW), a leader in electric vehicle (EV) charging equipment, has deployed more than 51,000 charging ports in 25 countries, many of which are networked EV charging stations, allowing EV drivers to easily charge anywhere. Blink charging points around the world. Blink’s core line of products and services includes the Blink EV charging network (“Blink Network”), EV charging equipment, EV charging services, and products and services from recent acquisitions, including SemaConnect, Blue Corner and BlueLA. The Blink Network uses proprietary cloud-based software that operates, maintains and tracks network-connected electric vehicle charging stations and associated charging data. With global EV purchases expected to reach 10 million vehicles by 2025 from approximately 2 million in 2019, Blink has established key strategic partnerships to drive adoption in many types of locations, including parking lots, multi-family residences and condos, workplaces, healthcare/medical facilities, schools and universities, airports, car dealerships, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets and transport hubs. For more information, please visit https://www.blinkcharge.com/.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements and words such as “anticipate”, “expect”, “intend”, “may”, “will”, “should” or other comparable terms, involve risks and uncertainties. for they relate to events and depend on circumstances which will occur in the future. These statements include statements regarding the current intention, belief or expectations of Blink Charging and its management, and the assumptions on which such statements are based. Potential investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially. of those contemplated by such forward-looking statements. research statements. Except as required by federal securities law, Blink Charging assumes no obligation to update or revise any forward-looking statements to reflect changed terms.

Blink Investor Relations Contact
IR@BlinkCharging.com
855-313-8187

Flashing media contact
PR@BlinkCharging.com

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Global investors chase smaller European teams to cash in on soccer boom https://rglb.org/global-investors-chase-smaller-european-teams-to-cash-in-on-soccer-boom/ Sat, 15 Oct 2022 03:00:27 +0000 https://rglb.org/global-investors-chase-smaller-european-teams-to-cash-in-on-soccer-boom/ Sitting mid-table in Spanish football’s second tier, Sporting Gijón play in a different financial league to Chelsea FC and AC Milan, elite sides that fetched record prices earlier this year . Yet clubs like Sporting in the northern coastal city of Gijón are now at the forefront of a wave of international investment chasing teams […]]]>

Sitting mid-table in Spanish football’s second tier, Sporting Gijón play in a different financial league to Chelsea FC and AC Milan, elite sides that fetched record prices earlier this year .

Yet clubs like Sporting in the northern coastal city of Gijón are now at the forefront of a wave of international investment chasing teams outside Europe’s top five leagues. In June, the club was bought by Grupo Orlegi, a Mexican investment fund seeking to build a global network of sports teams, for around 40 million euros.

“It’s not a question of size,” says Alejandro Irarragorri, a former metals trader who founded Orlegi. “We looked at the first division teams, but none of them gave us the potential for the future of Gijón.”

He plans to turn the team’s youth academy into one of the best in Europe, a popular strategy among investors. “I’m sure in the weeks and months to come you will hear about Sporting in a very different way,” he says.

The Sporting Gijón takeover is just one of many recent deals involving clubs from smaller leagues, with the stakes changing hands at teams in Portugal, Belgium and the Netherlands, and in the lower divisions of Spain, France and England.

Each country offers something slightly different. Portugal is a hotbed to develop players and sell them for profit, Spain’s strict spending limits have kept costs down, while in England some are chasing the dream of reaching the Premier League.

But the target clubs often share certain characteristics such as up-to-date infrastructure, the possibility of rapid promotion, an established youth development system – and proximity to a place where foreign investors might like to spend a lot of time. For example, Venezia in Italy’s Serie B is controlled by former NYSE chief executive Duncan Niederauer.

“American investors have a fundamental thesis that European football is commercially undervalued,” said Tim Bridge, senior partner in the sports business group at Deloitte, adding that little league teams come at a price that many find “ quite convincing.”

Last month Mark Attanasio, owner of the Milwaukee Brewers baseball team, bought a minority stake in Norwich City, a second-tier English club, while Vitesse Arnhem in the Dutch league was taken over by Common Group, a New York-based investment group.

Club Deportivo Leganés, a second-tier Spanish team, was bought in June by Blue Crow, a Texas-based investment fund led by Jeff Luhnow – the former general manager of Major League Baseball’s Houston Astros, who left the sport following a cheating scandal. Local press claim the takeover valued the club at just under €40m.

“The cost of buying into a big five team is quite high – we knew that was not the aisle where we would be shopping,” says Luhnow, whose investment fund also owns the Mexican team of the Cancún FC.

French Ligue 2 club FC Girondins de Bordeaux, once home to Zinedine Zidane but recently struggling financially, are among the teams now targeted by investors, according to people familiar with the matter.

Spanish second division team CD Leganés was bought in June by Blue Crow, a Texas-based investment fund © Mutsu Kawamori/AFLO via Reuters

US investors are the most active, but others are also looking to buy. This week, Qatar Sports Investments, owners of French champions Paris Saint-Germain, paid 19 million euros for a 22% stake in SC Braga, a top Portuguese side.

Much of the interest comes from the range of opportunities available, unlike in the United States where sports franchises are rarely sold and fetch very high prices when they do. The Denver Broncos NFL team sold earlier this year for more than $4.6 billion, a record for a sports team anywhere in the world.

As the value of top-flight football clubs also rises – Chelsea FC was sold for £2.5billion earlier this year – many buyers have been lured into lower leagues by the price, often in the low tens of millions of euros, for clubs they consider to have high prices. growth potential if on-field performance improves.

The newcomers join a growing group of international investors, mostly from the United States, with foreign shareholders now present in more than two dozen teams playing in Europe’s minor leagues.

US billionaire David Blitzer’s list of football investments includes Alcorcón in Spain, ADO Den Haag in the Netherlands and Waasland-Beveren in Belgium. Former Disney chief executive Michael Eisner owns Portsmouth in the third tier of English football.

Others should join them, thanks in part to the surge of the dollar against the euro and the pound sterling.

“We represent potential investors. . . pursue second and third division clubs in attractive cities with dedicated fanbases as well as potential stadium or real estate development opportunities,” said Charles Baker, a partner at US law firm Sidley who represented the owner of Chelsea, Todd Boehly.

Although majority-owned by Kyril Louis-Dreyfus, Sunderland could be the next big target, according to Neil Barlow, a private equity partner at Clifford Chance, who recently advised US investment firm Sixth Street on its deal. to acquire a slice of Barcelona’s television rights. .

At CD Leganés, on the outskirts of Madrid, Luhnow hopes to deploy data analytics techniques widely used to improve scouting and on-field performance in baseball to help the club push for promotion to the Spanish top flight. .

“We are very focused on finding and developing talent – and using those players to win games and competitions, and ultimately generate resources to reinvest in the club,” he said.

However, Bridge at Deloitte warns that investing in the lower leagues comes with its own risks. Finances further down the English football pyramid are increasingly precarious as owners spend big in the race for promotion to the Premier League. According to Deloitte, the average wage-earnings ratio in the league reached 125% last season.

“Bringing a football club to the top leagues requires a very big investment, no one should ignore that,” he says. “Many investors come in with their eyes firmly closed to the realities of the football industry.”

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Walmart has agreed to acquire Alert Innovation https://rglb.org/walmart-has-agreed-to-acquire-alert-innovation/ Fri, 07 Oct 2022 12:07:50 +0000 https://rglb.org/walmart-has-agreed-to-acquire-alert-innovation/ Amazon will hire 150,000 workers before the holiday seasonAmazon.com Inc announced that it will hire 150,000 full-time, seasonal and part-time employees in its US operations ahead of the upcoming holiday season.Source: Reuters.com Canada: Loblaw expands DoorDash partnership with on-demand deliveryLoblaw offers customers more delivery options with DoorDash. In addition to the PC Express app, orders […]]]>

Amazon will hire 150,000 workers before the holiday season
Amazon.com Inc announced that it will hire 150,000 full-time, seasonal and part-time employees in its US operations ahead of the upcoming holiday season.
Source: Reuters.com

Canada: Loblaw expands DoorDash partnership with on-demand delivery
Loblaw offers customers more delivery options with DoorDash. In addition to the PC Express app, orders for more than 1,100 Loblaw banners (including Loblaws, Shoppers Drug Mart, Real Canadian Superstore, Atlantic Superstore, Provigo and Maxi & Cie) can be placed on the DoorDash Marketplace app.
Source: Canadiangrocer.com

US: Walmart to lay off about 1,500 workers at Atlanta fulfillment center
Walmart Inc plans to cut more than 1,000 jobs at an Atlanta plant that fulfills orders placed on Walmart.com. In a Worker Adjustment and Retraining (WARN) notification, the nation’s largest retailer announced that it would be laying off 1,458 workers at the e-commerce fulfillment center located at Fulton Parkway in Atlanta, Georgia. Walmart confirmed to Reuters it was downsizing at the plant and that workers were notified of the move in late August.
Source: Reuters.com

United States: SpartanNash sells four distribution sites to an investment company
SpartanNash has sold four food production and distribution facilities to Provender Partners, a California-based real estate investment firm specializing in food-related properties, for $29.9 million, according to a press release. The portfolio includes refrigerated facilities in Indianapolis and Minot, North Dakota, as well as a center in Lakeland, Florida that handles frozen and refrigerated foods. Provender also acquires a grocery store and product distribution transshipment facility in Newcomerstown, Ohio. The four facilities together occupy approximately 483,000 square feet, Provender said.
Source: www.epiceriedive.com

United States: Procurant digitizes product inspections at Merchants Distributors Inc.
Procurant, a cloud-based software company transforming the global food supply chain, announced that Procurant Inspect, a mobile product inspection solution, has been selected by Merchants Distributors Inc. for use in its network of regional distribution centers. “Product inspection is an essential, yet labor-intensive part of providing our customers with safe, high-quality products. Procurant Inspect allows us to improve and simplify this process for our inspectors, and it adds timely information for our buyers and suppliers who already use Procurant to manage orders and payments,” said Chuck Alexander, Senior Vice President, Procurement, MDI.
Source: businesswire.com

Sales growth at Costco slows in September
Costco Wholesale saw sales growth slow in September after posting stronger gains in the summer months. For the five weeks ended Oct. 2, net sales climbed 10.1% to $21.46 billion from $19.5 billion a year earlier, Costco reported. This compares to net sales growth of 15.8% year-over-year in September 2021.
Source: supermarketnews.com

United States: Walmart takes automation to the next level by acquiring Alert Innovation
Walmart is reinforcing its commitment to an automated supply chain with an agreement to acquire grocery store automation specialist and partner Alert Innovation. Financial terms of the agreement were not disclosed. David Guggina, senior vice president of innovation and automation at Walmart, announced the planned purchase of Andover, Mass.-based Alert Innovation in a blog post.
Source: supermarketnews.com

Amazon drops live testing of Scout home delivery robot
Amazon.com Inc will halt live testing of its ‘Amazon Scout’ automated delivery robot, a company spokesperson said in an emailed statement, after the US retailer realized the program was unresponsive. not fully meet the needs of its customers. The company is now downscaling or “refocusing” the program, and it will work with the employees involved to match them to other open roles within the organization, Amazon spokeswoman Alisa Carroll said, adding that ‘She wasn’t abandoning the project completely.
Source: Reuters.com

Japan: Seven & I raises its profit forecast on the growth of the value of sales in North America
Japan’s Seven & I Holdings raised its full-year earnings forecast as a weaker yen boosted the earnings value of its North American convenience store business. The company raised its operating profit estimate to 477 billion yen ($3.30 billion) for the year ending February 2023 from a previous figure of 455 billion yen.
Source: Reuters.com

Distribution alliance Epic Partners is also trying Esselunga
The Italian supermarket chain Esselunga is also joining Epic Partners, a few days after the French cooperative Système U. The central purchasing body founded by the German Edeka is gaining weight in Europe.
Source: retaildetail.eu

Carrefour Belgium takes part in the country’s first anti-food waste week
To encourage consumers to stop wasting, Carrefour Belgium is involved in the first Zero Food Waste Week, organized in Belgium by the Too Good to Go application, of which the banner has been a partner since 2018. This initiative, which took place from September 26 to October 2 is a continuation of many other initiatives that Carrefour Belgium has been implementing in this area for more than 15 years.
Source: carrefour.com

Aldi UK to recruit 3,000 people before the holiday season
The UK branch of German discounter Aldi said it was looking to recruit 3,000 workers ahead of the festive trading period. Privately held Aldi, which overtook Morrisons earlier this month to become Britain’s fourth-largest supermarket group, said it was looking to fill more than 2,000 temporary and permanent positions in stores. It also recruits for more than 850 positions in its 11 regional distribution centers.
Source: Reuters.com

Kenya: Twiga Foods partners with Isuzu, NCBA to strengthen logistics operations in the region
Kenya-based food delivery technology platform Twiga Foods has entered into a strategic partnership with automaker Isuzu EA and commercial bank NCBA Bank to enhance the accessibility and safety of fresh food delivery to retailers across the country. region. The partnership, which aims to see up to 300 Isuzu trucks hit the market in phases, has launched its first 15 commercial trucks.
Source: foodbusinessafrica.com

Kurly denies IPO postponement rumors
Kurly, operator of online grocery and delivery service Market Kurly, has denied rumors that the company is postponing its IPO. In his statement, Kurly said he had not communicated any intention to delay the IPO to the Korea Stock Exchange or any of its investors.
Source: koreajoongangdaily.joins.com

The world’s first plant-based honey will be launched in Europe next January
One of Europe’s largest organic food producers, Narayan Foods, is gearing up to launch the world’s first plant-based honey in select European countries in early 2023. Narayan Honey is the first alternative to honey to arrive on the EU market which does not include processed syrup. or concentrates, but still produces an indistinguishable taste and texture of bee honey. The bee-free honey is developed by award-winning California food technology company MeliBio, which is partnering with Narayan Foods.
Source: esmmagazine.com

Belgium: Takeaway.com delivers groceries for Carrefour
The first Belgian supermarket on the Takeaway platform is the Carrefour City on Anspachlaan in the pedestrian zone of Brussels. Customers can choose from over 500 products, from fruits and vegetables to personal care products. Orders are delivered every day between 10 a.m. and 9:30 p.m.
Source: retaildetail.nl

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Befimmo SA: Results of the Takeover Bid https://rglb.org/befimmo-sa-results-of-the-takeover-bid/ Fri, 07 Oct 2022 06:12:13 +0000 https://rglb.org/befimmo-sa-results-of-the-takeover-bid/ Press release ALEXANDRITE MONNET BELGIUM BIDCO SA ACQUIRES CONTROL OF 96.90% OF BEFIMMO SA SUITE CLOSING OF THE ADDITIONAL ACCEPTANCE PERIOD AND REOPENING OF THE OFFER IN THE FORM OF A SIMPLIFIED TAKE-OVER ON OCTOBER 25, 2022 Befimmo SA Anonimous society Regulated public real estate company under Belgian law Cantersteen 47, 1000 Brussels 0455.835.167 On […]]]>

Press release

ALEXANDRITE MONNET BELGIUM BIDCO SA ACQUIRES

CONTROL OF 96.90% OF BEFIMMO SA SUITE

CLOSING OF THE ADDITIONAL ACCEPTANCE PERIOD AND REOPENING OF THE OFFER IN THE FORM OF A SIMPLIFIED TAKE-OVER ON OCTOBER 25, 2022

Befimmo SA

Anonimous society

Regulated public real estate company under Belgian law

Cantersteen 47, 1000 Brussels

0455.835.167

On August 29, 2022, Alexandrite Monnet Belgian Bidco SA (the “Bidder”), an entity wholly controlled by one of Brookfield’s private real estate funds, reopened its unconditional cash tender offer to acquire all of the shares of Befimmo SA (Euronext Brussels: BEFB) (“Befimmo”) at a price of €47.50 per share (the “Offer”).

The Additional Acceptance Period for the Offer ended on September 30, 2022 and the Offeror published the results today.

During the Additional Acceptance Period, 3,403,717 Befimmo shares were tendered to the Offer. Consequently, the Bidder will hold 91.83% of the shares of Befimmo. Given the treasury shares held by Befimmo, it will control a total of 96.90% of Befimmo shares.

The Offer price will be payable on October 21, 2022.

As the Offeror now directly and indirectly holds more than 95% of the shares of Befimmo SA, the Offeror has crossed the threshold required to launch a simplified squeeze-out offer. The Offeror has therefore decided to proceed with a definitive reopening of the offer for acceptance. The reopening will have the effect of a simplified Squeeze-out and will result in the delisting of Befimmo SA.

The Bidder will open a final Additional Acceptance Period at 9:00 a.m. CET on Tuesday, October 25, 2022. This Additional Acceptance Period will end on Tuesday, January 3, 2023 at 5:00 p.m. CET. Shareholders who have not yet accepted the Offer will therefore be able to do so.

The results of the last Additional Deadline will be announced on or around January 10, 2023. The Offer price for shares tendered during the last Additional Deadline will be paid on or around January 24, 2023.

Shares that have not been tendered before the closing of the last Additional Deadline will be automatically transferred to the Offeror and the shareholders concerned must request payment of the offer price for their shares from the Caisse des Dépôts et Consignations.

The Prospectus and its supplement (including the Response Memorandum and its supplement and the acceptance form), approved in French and translated into Dutch and English, are available on the following websites:

Paper copies can be obtained free of charge at the counters of BNP Paribas Fortis SA/NV, the Paying Agent Bank, or ordered by telephone on +32 2 433 41 13.

Disclaimer

This press release does not constitute and should not be considered as constituting, an offer to the public to acquire, sell or subscribe, or the solicitation of an order to sell, buy or subscribe, the shares of Befimmo, in any jurisdiction. The Offer will only be made on the basis of the prospectus approved in accordance with the Belgian law of April 1, 2007 relating to public takeover bids. No action will be taken to permit a public takeover bid in a jurisdiction other than Belgium. Neither this press release nor any other information relating to the matters contained herein may be distributed in any jurisdiction where any registration, qualification or other obligation is or would be in effect with respect to the contents hereof or those -this. Failure to comply with these restrictions may constitute a violation of the financial laws and regulations of that jurisdiction.

About Befimmo

Befimmo is a real estate investor, operator and developer and a Belgian Real Estate Investment Company (SIR-GVV). Focused on offices, mixed-use buildings and coworking spaces, our high-quality and high-performance portfolio is located in the growing city centers of BeLux.

Befimmo aims to create, manage and build fulfilling living and working environments and to animate communities for a sustainable future. Our ambition is to create and operate high-quality mixed-use projects in growing economic, academic and research hubs in BeLux. Our in-house coworking partner Silversquare and our partnership with Sparks will allow us to offer bespoke coworking spaces and meeting venues. We want to accompany our clients throughout their real estate journey, offering them the ultimate experience, like a one-stop shop to which they can entrust all their needs and expectations in terms of work and living space.

Befimmo’s value creation priority is to offer integrated, sustainable and hybrid work & life solutions that respond to the major trends shaping the world of tomorrow. ESG criteria have become a natural extension of this strategy and drive us towards innovation.

Its portfolio amounts to approximately 2.9 billion euros (as of June 30, 2022) and includes 60 office and mixed buildings and 10 coworking spaces.

Befimmo SA

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