CEE

EQS-News: EuroTeleSites reports revenues of mEUR 63.9 and an EBITDAaL Margin of 56.6% in Q1/2024

Retrieved on: 
Freitag, Mai 3, 2024
GHZ, Magenta, CAPEX, CSRD, CEE, Acquisition, ESG, A1, Telecommunications, Wiener Börse, Lease

The company now operates 13,496 sites across six markets, up from 13,465 at the end of the year.

Key Points: 
  • The company now operates 13,496 sites across six markets, up from 13,465 at the end of the year.
  • Despite the quarterly variation in construction activity, EuroTeleSites completed 49 new sites during the first quarter of 2024, investing around 14% of CAPEX.
  • This resulted in a total CAPEX of mEUR 12.6 and a CAPEX ratio of 19.7%, in line with the company’s business plans.
  • The EBITDAaL margin of 56.6% (year-end 2023: 55.7%) is at a level that demonstrates the high profitability of the business.

EQS-News: CPI PROPERTY GROUP – Fixed-Income Investor Days 2024

Retrieved on: 
Freitag, Mai 3, 2024
RSVP, CEE, CPI, Security (finance)

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • CPI PROPERTY GROUP (“CPIPG” or the “Group”) is pleased to invite our fixed-income investors to register for property tours and meetings with our management teams, as follows:
    “The quality of CPIPG’s assets and local teams are unmatched in the CEE region,” said David Greenbaum, CEO.
  • “We encourage all of our bond investors to attend.”
    Investors are encouraged to RSVP by 8 May to Moritz Mayer: [email protected] .
  • More details will be provided after registration.

Bonterra Announces Upsize of Brokered Private Placement to Approximately $7.8 Million

Retrieved on: 
Montag, April 22, 2024
Sale, NOT, Unit, Offering, OTCQX, News, Private, BTR, Income Tax Act, CEE, QTA, National instrument, TSX Venture Exchange, Person

VAL-D'OR, Quebec, April 22, 2024 (GLOBE NEWSWIRE) -- Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce that it has entered into an amending agreement with Eight Capital, as lead agent (the “Agent”), to upsize the previously announced private placement. In connection with the upsized offering, the Company will issue up to (i) 21,750,000 units of the Company (the “Units”) and (ii) 5,250,000 Quebec premium flow-through units of the Company (the “FT Units”) at a price of $0.25 per Unit (the “Unit Issue Price”) and $0.445 per FT Unit (the “FT Unit Issue Price”) for aggregate gross proceeds of up to $7,773,750 (the “Offering”).

Key Points: 
  • Each Unit will consist of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”).
  • Each Warrant will entitle the holder thereof to acquire one Share at an exercise price of $0.31 for a period of four years from the date of issuance.
  • The Units issued pursuant to the Private Placement Offering will be subject to a four month hold period under applicable Canadian securities laws.
  • Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Gatik Further Strengthens and Expands Its Management Team With Key Appointment As It Transitions to Next Phase Of Profitable Growth

Retrieved on: 
Dienstag, April 23, 2024
Technology, Trucking, Automotive, Transport, Other Automotive, Autonomous Driving, Vehicles, Logistics, Supply Chain Management, Artificial Intelligence, Fleet Management, Safety, Commercialization, Senior, DACH, Volkswagen, CEE, Kick scooter, Bicycle industry, BMW, Multimedia, Philip, Daimler, Growth, Fortune 500, Management

View the full release here: https://www.businesswire.com/news/home/20240423031393/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240423031393/en/
    Philip Reinckens joins Gatik as Senior Vice President of Commercialization and Operations.
  • (Photo: Business Wire)
    Gatik focuses on short-haul, B2B logistics, moving goods for North America’s largest grocers, retailers, distributors, and e-commerce platforms.
  • Reinckens’ appointment positions the company for its next phase of growth including the significant expansion to Freight-Only autonomous truck operations for Gatik’s customers.
  • “Gautam and his leadership team have built a resilient business by prioritizing safety and long-term success over quick overnight growth.

Univar Solutions and Dow Expand Relationship to Offer High Performance Building Solutions to Construction Industry Customers

Retrieved on: 
Dienstag, April 23, 2024
Univar Solutions, Construction, Weather, Safety, Dow, Partnership, CEE, Growth, UV, Fine chemical

WARSAW, Poland, April 23, 2024 /PRNewswire/ -- Univar Solutions, LLC ("Univar Solutions" or "the Company"), a leading global solutions provider to users of specialty ingredients and chemicals, announced today that it is expanding its partnership with Dow to distribute construction silicone products in various regions of Central and Eastern Europe (CEE)1. The partnership will give customers in the region access to a broader range of essential construction silicone products, which offer exceptional performance and durability in harsh weather conditions and other environmental elements. These products offer enhanced protection to different substrates and building materials, helping maximize substrate life, minimize costly and time-consuming maintenance and repairs, and improve aesthetic appeal overall.

Key Points: 
  • The partnership will give customers in the region access to a broader range of essential construction silicone products, which offer exceptional performance and durability in harsh weather conditions and other environmental elements.
  • These products offer enhanced protection to different substrates and building materials, helping maximize substrate life, minimize costly and time-consuming maintenance and repairs, and improve aesthetic appeal overall.
  • Univar Solutions and Dow are expanding their longtime relationship to create innovative construction solutions that can deliver these benefits, using Dow's silicone resins, binding products, and eco-friendly building materials to provide tailored customer support.
  • Univar Solutions' Essen Solution Center is a key technical resource in the region, working with suppliers like Dow to formulate advanced and effective solutions for the construction industry.

Univar Solutions and Dow Expand Relationship to Offer High Performance Building Solutions to Construction Industry Customers

Retrieved on: 
Dienstag, April 23, 2024
Univar Solutions, Construction, Weather, Safety, Dow, Partnership, CEE, Growth, UV, Fine chemical

WARSAW, Poland, April 23, 2024 /PRNewswire/ -- Univar Solutions, LLC ("Univar Solutions" or "the Company"), a leading global solutions provider to users of specialty ingredients and chemicals, announced today that it is expanding its partnership with Dow to distribute construction silicone products in various regions of Central and Eastern Europe (CEE)1. The partnership will give customers in the region access to a broader range of essential construction silicone products, which offer exceptional performance and durability in harsh weather conditions and other environmental elements. These products offer enhanced protection to different substrates and building materials, helping maximize substrate life, minimize costly and time-consuming maintenance and repairs, and improve aesthetic appeal overall.

Key Points: 
  • The partnership will give customers in the region access to a broader range of essential construction silicone products, which offer exceptional performance and durability in harsh weather conditions and other environmental elements.
  • These products offer enhanced protection to different substrates and building materials, helping maximize substrate life, minimize costly and time-consuming maintenance and repairs, and improve aesthetic appeal overall.
  • Univar Solutions and Dow are expanding their longtime relationship to create innovative construction solutions that can deliver these benefits, using Dow's silicone resins, binding products, and eco-friendly building materials to provide tailored customer support.
  • Univar Solutions' Essen Solution Center is a key technical resource in the region, working with suppliers like Dow to formulate advanced and effective solutions for the construction industry.

ONE UNITED PROPERTIES UNVEILS 'ONE 2030' - STRATEGIC VISION TO TRANSFORM THE BUCHAREST REAL ESTATE MARKET

Retrieved on: 
Donnerstag, April 18, 2024
Sale, Ennismore, BVB, Diaconescu, BET, Solar energy, Partnership, ONE, CEE, Bucharest Stock Exchange, Schengen Area, Tourism

One United Properties is also in exclusive negotiations to bring The Hoxton to Bucharest.

Key Points: 
  • One United Properties is also in exclusive negotiations to bring The Hoxton to Bucharest.
  • By 2030, One United Properties aims to have six hotels across Bucharest, with half of these being in operation by the end of the decade.
  • This strategic sale increases the company's liquidity, strengthens One United Properties' shareholder base and bolsters governance by increasing institutional investor ownership of the business.
  • ONE UNITED PROPERTIES (BVB: ONE ) is the leading green investor and developer of residential, mixed-use, and commercial real estate in Bucharest, Romania.

A new measure of firm-level competition: an application to euro area banks

Retrieved on: 
Donnerstag, April 18, 2024
Glass, RPD, Journal of Economic Perspectives, Goldberg, Employment, Lead, Competition, SCP, Research Papers in Economics, TCF, Intuition, Laboratory, Euromoney, Bank of Canada, Calendar, International political economy, Manufacturing, Oxford Economic Papers, Harvard University Press, Paper, Linearity, R2, Environment, Delicatessen, System, Website, Panzar, Working paper, World Bank, Elzinga, Friends, Madiga, CPB, Investment, Lerner index, Statistics, Croatian National Bank, PDF, Elsevier, ECB, Industrial organization, Policy, Social science, JEL, Operations research, Internet, Journal, Research, Literature, European Central Bank, Journal of Economic Surveys, MRP, Commercial, Section 5, Financial intermediary, Ministry of Social Affairs, Elasticity, National bank, Government, Developed country, Cell, Tarazi, Wealth, Publishing, Springer Nature, Prudential, Marketing, Law, The Economic Journal, Lerner, L16, Business economics, OECD, International Monetary Fund, Section 4, Database, Section 3, Krieger, EMU, Section 2, Pressure, Central bank, Economics Letters, Bank, Jorgenson, Character, Sparkassen-Finanzgruppe, Life, EDS, American Economic Review, K2, Appendix, Applied economics, CEE, Palgrave Macmillan, Livret A, Bell Labs, GDP, Part, Country, Public policy, De Economist, Management, Publication, Motivation, Cooperative, Reproduction, IMF, Edward Elgar Publishing, Housing, Handbook, G21, Real estate

Abstract

Key Points: 
    • Abstract
      This paper extends Boone (2008) by introducing a competition measure at the individual
      firm level rather than for an entire market segment.
    • We apply this extended Boone indicator to individual bank-level competition
      in the loan market in the four largest euro area countries and Austria.
    • Our new measure of firm-level competition enriches and complements
      other competition measures and provides a promising starting point for future market
      power analyses.
    • The only measure among non-structural measures that is based on the
      concept of competition as a process of rivalry is the Boone (2008) indicator.
    • We introduce
      a new performance measure of competition by extending the Boone indicator to the
      individual firm level.
    • Introduction
      The ability to reliably measure competition is valuable to researchers, analysts, and
      policymakers, especially antitrust authorities, financial supervisors, and central banks.
    • One broad
      category of indicators often used to measure competition are structural competition
      measures, such as static concentration measures, and dynamic measures, e.g., entry and
      exit rates.
    • Out of these measures, the only measure based on the
      concept of competition as a process of rivalry is the Boone indicator.
    • This study introduces a new performance measure of competition by extending the
      Boone indicator to the individual firm level.
    • It thus measures the
      increase in profits in percent of one percentage point increase in efficiency, with marginal
      costs as measure of efficiency.
    • We extend the theoretical
      underpinning of the measurement of competition for the entire market of Boone (2008) by
      a new measure of individual firm-level competition.
    • A concern of the literature is the gap
      between the practical application and the theoretical framework of Boone (2008).
    • We introduce within the same theoretical
      framework a new measure of competition on firm level, the MRP.
    • Our new
      measure significantly augments the antitrust evaluative framework by shedding light on
      whether a merger results in a less competitive market.
    • Our novel indicator focuses on
      firms? incentives to enhance their relative efficiency, as manifested in the elasticity
      between relative profits and efficiency.
    • However, an inefficient firm that is foreclosed could be more
      competitive than the larger efficient firm that relies on its scale economies.
    • Our new metric of competition unveils
      banks? ability to influence their profitability in the short term by cutting costs relative to
      their peers.
    • The new MRP indicator provides the ability to assess the impact
      of individual banks? competitiveness on their interest rate-setting behaviour in loan
      markets.
    • Incorporating this information promises a more refined understanding of the impact and
      timing of monetary policy rates changes on the real economy.
    • Section 3 introduces within the Boone
      (2008) theoretical framework our new measure of individual firm-level competition,
      including the interpretation of the MRP.
    • Section 4 provides an application of our new
      ECB Working Paper Series No 2925

      6

      individual firm-level competition measure to the loan market.

    • The StructureConduct-Performance paradigm (SCP) provides a traditional framework in the field of
      industrial organization for analysing competition behaviour in markets.
    • Concentrated
      markets ease the possibilities to collude implicitly or explicitly and therefore concentrated
      markets result in higher prices and profits.
    • For example, a tougher competition
      setup may lead to a reallocation of market shares, potentially forcing some firms to exit
      the market.
    • This approach gives firms? strategic behaviour
      central stage and focuses on the strategic interaction on prices and quantities, known as
      conjectural variation.
    • Another measure from
      this strand of literature is the H-statistic developed by Panzar and Rosse (1987).
    • The only competition measure from this performance literature where competition is the
      outcome from a process of rivalry is the Boone indicator.
    • A continuous and monotonically increasing relationship exists between
      RPD and the level of competition if firms are ranked by decreasing efficiency.
    • (2013) compare the Boone indicator with the price-cost margin
      and conclude that the profit elasticity is a more reliable measure of competition.
    • The high
      elasticity of profits to efficiency unequivocally indicates that the high market shares and
      therefore high profits are due to high efficiency.
    • A firm that quickly passes changes to the input prices is seen as a price
      taker with little market power.
    • Indicators of competition tend to measure different phenomenon and may provide
      conflicting messages, as reported for European banking by Carbo et al.
    • Application 2: Test the ?quiet life? and related market structure hypotheses using the
      MRP as competition or market structure measure.
    • Data
      Our application to individual bank-level competition in the euro area loan market uses
      balance sheet and income statement data from the Moody?s Analytics BankFocus for the
      calendar years 2013-2020.
    • As such, most publications
      on competition in the euro area includes the largest four member states.
    • Due to these restrictions the database was reduced to an unbalanced panel of up to 1862
      banks (depending on the year) from five euro area countries.
    • Application 1: Measure bank competition using MRP
      Looking at the distribution of the MRP for individual banks (Fig.
    • A similar finding for the four largest euro area countries as a group is
      reported in Carbo et al.
    • Application 2: Test of market structure hypotheses using MRP
      Our new measure of individual-bank competition can be used to test market structure
      theories.
    • Euro area banks? market power,
      lending channel and stability: the effects of negative policy rates, European Central Bank
      Working Paper, 2790 (February).
    • A
      new approach to measuring competition in the loan markets of the euro area, Applied
      Economics, 43 (23), 3155?3167.
    • Impact of bank competition on the interest rate pass-through in the euro area, Applied
      Economics, 45 (11), 1359?1380.

EQS-News: CPI PROPERTY GROUP publishes financial results for 2023

Retrieved on: 
Mittwoch, April 10, 2024
WAULT, EUR, CPI, Growth, Capital expenditure, ICR, Environment, GSG, Hotel, Webcast, CEE, NAV, EPRA, Investment, LTV, FFO

CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading European landlord, hereby publishes audited financial results for the financial year ended 31 December 2023.

Key Points: 
  • CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading European landlord, hereby publishes audited financial results for the financial year ended 31 December 2023.
  • “CPIPG’s results in 2023 demonstrate the resilient and high-yielding nature of real estate in the CEE region,” said David Greenbaum, CEO.
  • The Group raised over €2.5 billion of secured and unsecured external financing in 2023, including €1.2 billion of fresh cash.
  • CPIPG will host a webcast in relation to its financial results for 2023.

Vior Announces $20 Million Private Placement

Retrieved on: 
Mittwoch, März 20, 2024
Mining, TSX Venture Exchange, Exercise, Exchange, CEE, Sale, Amend, Policy, Minority, VIO, Acceleration, Irish Republican Army (1919–1922), News, Date, Originality, IRA, Income Tax Act, Offering, QTA, Agent, Security (finance)

It is expected that approximately $13 million will be raised from FT Units and $7 million from Hard Units and Subscription Receipts.

Key Points: 
  • It is expected that approximately $13 million will be raised from FT Units and $7 million from Hard Units and Subscription Receipts.
  • Each Hard Unit and Subscription Receipt will have an issue price of $0.125 and each FT Unit will have an issue price of $0.2225.
  • The Over-Allotment Option will be exercisable, in whole or in part, up to 48 hours prior to the Closing Date.
  • The parties are expected to enter into a definitive royalty option agreement (the “Royalty Option Agreement”).