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2 clusters · 5 sources · 16 days · First seen · Last updated

WDP European logistics expansion

Overview

Belgian logistics real estate group WDP has completed a €400 million capital increase via an accelerated private placement. The issuance of 20.6 million new shares was 5.4 times oversubscribed.

The company plans to utilize the proceeds to accelerate investments, support a planned merger with Argan, and fuel European expansion. This includes growth in existing markets, further development in Germany, and initial investments in Italy.

Entities

DP World · Jos De Pauw family · Argan · Wolfenbüttel · WDP

Timeline

  1. [BUSINESS] 2 sources
    WDP raises €400 million to accelerate European expansion

    Belgian logistics real estate firm WDP successfully raised €400 million through a private placement to fund its European expansion, including new investments in Germany and Italy and its merger with Argan.

  2. [BUSINESS] 2 sources
    DP World invests EUR 50 million in German logistics expansion

    DP World is investing EUR 50 million to expand its Wolfenbüttel, Germany logistics hub, adding a dangerous goods rail terminal and a 30,000 m² warehouse for lithium-ion batteries.

Sources

bizbrasov.ro · cashcow.nl · logistiek.be · process.vogel.de · railwaypro.com