Ekopak Delivery Waterkracht permit and Dutch wastewater plant acquisition

Yesterday evening an article was published in the local Antwerp newspaper GVA. It stated Flemish Minister of the Environment Jo Brouns (CD&V) has granted a permit for the Waterkracht project. As a result, all chemical companies in the Port of Antwerp will use purified wastewater to cool their production processes starting at the end of 2027. Earlier on the target was to start commercial operations early 2027 and this is still reflected in our earnings model. We will overhaul our model once it is clear there has been no appeal against the permit decision (typically 30 days after initial grant of the permit). This morning Ekopak itself announced it acquired the NWB industrial wastewater treatment plant in Tilburg, taking over full management of the facility, which treats and reuses wastewater from Agristo, Coca Cola, Fujifilm, and IFF. No financial details were disclosed. No change to our Hold and TP for now.