WDP strengthens its equity base by some 50 million euros via an (indirect) contribution in kind of a new development project in Tiel (the Netherlands)

WDP signed a turnkey purchase agreement earlier this year for the acquisition of a logistics site in Tiel in the Netherlands. This purchase concerns the previously announced project totalling 32,000 m² that has meanwhile been completed, as well as the next phase being started up of 16,000 m², both intended for Kuehne + Nagel.

WDP aims to realise the acquisition of this site (land and buildings) via an (indirect) contribution in kind to WDP by the seller, whereby payment to the seller will be completed via the issue of new WDP shares. As a result, the company’s equity base will be reinforced by some 50 million euros.