reports
- ING Helpdesk
- Carole Braudeau
Credit Morning 12/18/2024
ELO (Auchan): slow negotiations in Russia around a price of € 400m|Ceconomy publishes FY 24 results, aims for moderate sales and clear adj. EBIT growth in new year|The ECB has published SREP 2024 data compiled|Moody's downgrades BNP, Crédit Agricole, Crédit Mutuel and CM Arkea from Aa3 to A1 in SP|Unicredit now holds a 28% stake in Commerzbank|
- Jean-François Granjon
- Louis Boujard
- CFA
TKA THYSSENKRUPP AG
MT ARCELORMITTAL SA
BEKB BEKAERT SA
AAL ANGLO AMERICAN PLC
APAML APERAM SA
OUT1V OUTOKUMPU OYJ
SSAB A SSAB AB CLASS A
SZG SALZGITTER AG
VOE VOESTALPINE AG
ACX ACERINOX SA
BAMNB KONINKLIJKE BAM GROEP NV
ERA ERAMET SA
QDT QUADIENT SA
NDA AURUBIS AG
FTON FEINTOOL INTERNATIONAL HOLDING AG
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
RIO RIO TINTO PLC
BHP BHP GROUP LTD
FUR FUGRO NV
ALHAF HAFFNER ENERGY SA
NCH2 THYSSENKRUPP NUCERA AG & CO.
- Carole Braudeau
Morning Crédit 18/12/2024
Ceconomy publishes FY 24 results, aims for moderate sales and clear adj. EBIT growth in new year|La BCE a publié le bilan du SREP 2024|Moody’s dégrade BNP, Crédit Agricole, Crédit Mutuel et CM Arkea d’un cran à A1 en SP|Unicredit détient désormais 28% du capital de Commerzbank|
- Jean-François Granjon
- Louis Boujard
- CFA
TKA THYSSENKRUPP AG
MT ARCELORMITTAL SA
BEKB BEKAERT SA
AAL ANGLO AMERICAN PLC
APAML APERAM SA
OUT1V OUTOKUMPU OYJ
SSAB A SSAB AB CLASS A
SZG SALZGITTER AG
VOE VOESTALPINE AG
ACX ACERINOX SA
BAMNB KONINKLIJKE BAM GROEP NV
ERA ERAMET SA
QDT QUADIENT SA
NDA AURUBIS AG
FTON FEINTOOL INTERNATIONAL HOLDING AG
ATS AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT
AMG AMG ADVANCED METALLURGICAL GROUP N.V.
RIO RIO TINTO PLC
BHP BHP GROUP LTD
FUR FUGRO NV
ALHAF HAFFNER ENERGY SA
NCH2 THYSSENKRUPP NUCERA AG & CO.
- ING Helpdesk
- Wim Lewi
CTP Second Large Vallourec Brownfield in Germany
Yesterday afternoon, CTP announced the acquisition of a large brownfield site from Vallourec in Düsseldorf. This deal, valued at €155 million, involves an industrial site spanning over 830k sqm. CTP will invest over EUR 700m to transform the site for manufacturing, R&D and logistics. The site was previously used for Vallourec's tube production. CTP closed a similar Mülheim deal with Vallourec, completed in December 2023. This involved a 335k sqm. Both deals are part of CTP's strategy to redeve...
- Sharad Kumar S.P
Gimv Sale Of Majority Stake In KÖBERL Group
Gimv announced that it has sold its majority stake in KÖBERL Group (facility management and building technology services) to Hungarian company B+N Referencia Zrt. The transaction is anticipated to have a positive impact of approximately €1.0 on Gimv's NAVps and the return on this investment has significantly exceeded Gimv's long-term portfolio return target of 15.0%. This is the third transaction that Gimv has complete post its 1H results. We see this as an indication of the superior quality of ...
- Hilde Van Boxstael
- Michiel Declercq
- Sharad Kumar S.P
- Wim Hoste
- Wim Lewi
- Wim Lewi
VGP Second AREIM closing, first time for French Asset
Today, VGP announced the second closing with SAGA (The ‘Sixth Joint Venture'). The transaction comprises 4 logistics buildings in 4 different VGP Parks among which a first French asset (first time). The closing has been agreed at a gross asset value of EUR 120m, with 88m of gross cash proceeds (73%). That is a significantly higher percentage than the initial SAGA closure for 280m gross proceeds for a 437m total value (64%). We also like the geographical spread over different countries. This shou...
- Research Team
WOOD Daily: TPE PW; 11B PW; KTY PW; KTY PW; Hungary macro; MOL HB; CTP...
HEADLINES: • Tauron: 2025-35 strategy - very ambitious targets, but unrealistic, in our view NEUTRAL • 11 bit studios: decides to discontinue Project 8 NEGATIVE • Kety: preliminary 4Q24 results flat yoy NEUTRAL • Kety: management guidance for 2025E NEGATIVE • Hungary macro: MNB reinforces the hawkish stance • MOL: to acquire additional upstream and infrastructure assets in Hungary NEUTRAL • CTP: buys EUR 155m land plot in Dusseldorf, Germany • Baltic Classifieds Group: CEO sells 4m shares (0.8% ...
VGP and Areim Complete Second Closing in 50:50 ‘Saga’ Joint Venture
VGP and Areim Complete Second Closing in 50:50 ‘Saga’ Joint Venture PRESS RELEASERegulated Information Antwerp, Belgium 18 December 2024 (7.00 a.m. CET) VGP NV ('VGP') and AREIM Pan-European Logistics Fund (D) AB, today announce the signing of the second closing between VGP and their 50:50 joint venture, SAGA (The ‘Sixth Joint Venture’). The transaction comprises 4 logistics buildings in 4 different VGP Parks among which a first French asset. The 4 buildings are located in France (1 park containing 1 building), Germany (1 park containing 1 building), the Czech Republic (1 park containi...
VGP en Areim voltooien tweede closing in 50:50 'Saga' Joint Venture
VGP en Areim voltooien tweede closing in 50:50 'Saga' Joint Venture PERSBERICHT Gereglementeerde informatie Antwerpen, België 18 december 2024 (7.00 uur CET) VGP NV ('VGP') en AREIM Pan-European Logistics Fund (D) AB, kondigden vandaag de ondertekening aan van de tweede closing tussen VGP en hun 50:50 joint venture, SAGA (de 'Zesde Joint Venture'). De transactie omvat 4 logistieke gebouwen in 4 verschillende VGP Parken waaronder een eerste Franse asset. De 4 gebouwen bevinden zich in Frankrijk (1 park met 1 gebouw), Duitsland (1 park met 1 gebouw), Tsjechië (1 park met 1 gebouw) en Slo...
- ING Helpdesk
Benelux Morning Notes
AEGON: US WFG model in the spotlight again. BAM: Sells 50% of Invesis and tax fraud investigation finalised. Belgian Telecoms: Mobile Vikings targeting heavy data users with upgraded mobile-only offers. Universal Music Group: Acquires music services group Downtown Music for c.€737m. Events Calendar
- James Ratzer
- Russell Waller
- Konrad Zomer
- Stephane Beyazian
ETL EUTELSAT COMMUNICATIONS SA
SESGL SES SA FDR (CLASS A)
PROX PROXIMUS SA DE DROIT PUBLIC
KPN ROYAL KPN NV
ORA ORANGE SA
EN BOUYGUES SA
UTDI UNITED INTERNET AG
GAMA GAMMA COMMUNICATIONS
DTE DEUTSCHE TELEKOM AG
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
TIT TELECOM ITALIA S.P.A.
CLNX CELLNEX TELECOM S.A.
FNTN FREENET AG
VOD VODAFONE GROUP PLC
OBEL ORANGE BELGIUM SA
TEF TELEFONICA SA
NFN NFON AG
DRI 1&1 DRILLISCH AG
- Konrad Zomer
- Stephane Beyazian
ETL EUTELSAT COMMUNICATIONS SA
SESGL SES SA FDR (CLASS A)
PROX PROXIMUS SA DE DROIT PUBLIC
KPN ROYAL KPN NV
ORA ORANGE SA
EN BOUYGUES SA
UTDI UNITED INTERNET AG
GAMA GAMMA COMMUNICATIONS
DTE DEUTSCHE TELEKOM AG
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
TIT TELECOM ITALIA S.P.A.
CLNX CELLNEX TELECOM S.A.
FNTN FREENET AG
VOD VODAFONE GROUP PLC
OBEL ORANGE BELGIUM SA
TEF TELEFONICA SA
NFN NFON AG
DRI 1&1 DRILLISCH AG
- Guy Sips
- Hilde Van Boxstael
- Jacob Mekhael
- Kristof Samoy
- Lynn Hautekeete
- Michiel Declercq
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
Dynamic Top Pick List How to start 2025?
On this Friday the 13th we select for you 13 stocks to start 2025 with a bang : ABN Amro, Ackermans & van Haaren, Bekaert, D'Ieteren, EVS, Fagron, Fugro, Gimv, Melexis, Shurgard, Sofina, WDP and Xior However, we maintain a defensive stance in our Benelux selection at the start of 2025.. The long anticipated interest rate cuts by central banks are expected to continue their decline into 2025 (see graph above). However, the Trump election victory in the US hits European stocks even before he tak...
- Jan Frederik Slijkerman
- Jeroen van den Broek
- Jesse Norcross
- Nadège Tillier
- Timothy Rahill
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