C·30 C·60 C·90 Go

EQS-News: Aggregate Holdings signs binding agreement to sell Crown 1 from its Quartier Heidestrasse project at a 90% premium to project cost

Retrieved on: 
Tuesday, March 28, 2023
C·30 C·60 C·90 Go, SAP, Gesellschaft mit beschränkter Haftung, Government, Sale, Walking, Aggregate, QH, Reinsurance

Strong fundamental value of Quartier Heidestrasse even in challenging market, with six segments sold or sale agreed

Key Points: 
  • Strong fundamental value of Quartier Heidestrasse even in challenging market, with six segments sold or sale agreed
    Luxembourg, 28 March 2023 - Aggregate Holdings S.A. (“Aggregate”), through its subsidiary QH Development 9 GmbH, has entered into an agreement to sell Crown 1 asset (“QH-Crown 1”) in Quartier Heidestrasse (“QH”).
  • Aggregate is selling the asset including the building permit rights and the development already undertaken at a c.90% premium to its project cost, including land cost and capex incurred, and at a discount to the appraised value.
  • The fundamental value of Quartier Heidestrasse, where Aggregate still retains the QH-Track segment, has again been proven.
  • We will continue to successfully implement our strategy to reduce Aggregate debt.” commented Cevdet Caner, Chief Executive Officer of Aggregate.

Sparta Capital Sends Letter to Board of Directors of Wood Group

Retrieved on: 
Thursday, December 8, 2022
JV, FTSE250, Perception, C·30 C·60 C·90 Go, Keefe, Bruyette & Woods, SFO, Share repurchase, Software, Built environment, Outline, CMD, Sale, Communication, CFO, Roic, BE, IR, EV, Enterprise, LSTK, Bloomberg, John Wood Group, Investment, Policy, EBITDA, History, Capital market, Engineering, Philosophy, Citigroup, OPEX, DCF, FCF, Carbon, Renewable energy, Security (finance), Marketing, Fine chemical, Cryptocurrency, Oil, Risk management, Bank, Life insurance, Silviculture, Public utility, Mobile phone, Commercial property, Management, New Wood River, Wood, Neutral

As you are aware, Sparta Capital is a significant shareholder in Wood Group ("Wood" or "the Company").

Key Points: 
  • As you are aware, Sparta Capital is a significant shareholder in Wood Group ("Wood" or "the Company").
  • Sparta Capital is a multi-strategy investment fund launched in 2021 investing globally in a broad range of public and private securities, across both equity and credit markets.
  • As discussed with you on multiple occasions, we believe that Wood enjoys a leading position in structurally growing markets globally.
  • Wood helps clients deliver value for both operational investment projects as well as capital investment projects.