Report
Thijs Berkelder

CFE : Associates an important part of group value

>Associates Green Offshore and Rent-A-Port together worth c. € 145-195m - In this Flash report we dive deeper into CFE’s two key associates: (1) the 50% stake in Green Offshore, co-owner of two Belgian offshore wind farms; and (2) the 50% stake in Rent-A-Port, primarily active in real estate development in Vietnam. In the past two years, both associates were held back by external circumstances (lower-than-average wind speeds on North Sea, COVID restrictions in Asia), ...
Underlying
Compagnie d'Entreprises CFE SA

CFE is engaged in civil engineering, buildings and industrial construction, dredging works and electrical installations. Co. is also engaged in property development, environmental protection and building management. Co.'s works carried on by Co.'s civil engineering group includes the following: hydraulic engineering, harbor works, bridges, and other engineering works, tunnels, road construction, dams, storage tanks, piping and drainage and caissons sunken soft soil. Co.'s buildings and industrial construction sector is active in the following fields: administrative buildings, industrial construction, public utility buildings, redevelopment, and residential buildings.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Thijs Berkelder

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