Degroof Petercam - Warehouses De Pauw SCA (WDP) WDP - Raises EUR 300m through an ABB

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Degroof Petercam

Inna Maslova

WDP - Raises EUR 300m through an ABB

WDP raised EUR 300m through ABB at EUR 24.76, a 2.13% discount to yesterday's undisturbed share price & 26% premium to latest EPRA NTA.The majority of the proceeds (EUR 250m) to finance new as well previously identified investments around EuropeWe will update our estimates to reflect this transaction, reiterating our ‘Hold'More details in our Note published this morning

30/11/2023 1 EN

Underlying

Warehouses De Pauw SCA

Warehouses De Pauw and its subsidiaries are engaged in investment in the Belgian semi-industrial property market. Co. is a closed-end property investment company which specializes in: development of storage and distribution premises; customized projects in line with the user's request; acquiring premises for customers who wish to engage in sale and leaseback transactions.

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BE0003763779 Belgium

Provider

Degroof Petercam

We are an investment house with Belgian roots founded on more than 150 years of trust.

As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.

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Analysts

Inna Maslova

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WDP - Raises EUR 300m through an ABB

Warehouses De Pauw SA: 1 director

WDP - In-line Q1, portfolio seeing signs of stabilisation

Benelux Morning Notes

Ontex - A strong start to the year

Aperam - Have we now seen the trough quarter?

bpost - Waiting for impact of press negotiations

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