Belgian logistics provider WDP is seeking a new share listing on Euronext Amsterdam as part of plans to expand in the Dutch market.
Belgian logistics provider WDP is seeking a new share listing on Euronext Amsterdam as part of plans to expand in the Dutch market.
In a press release, the company said it expected its second share listing would come into effect on 18 November 2015. The company already has a listing on Euronext Brussels.
WDP said its plan for a dual listing was in line with the growing share of Dutch assets in the company's portfolio, which is now equal to that taken up by assets in Belgium, WDP's historical home market. The market value of the Dutch portfolio currently totals some €800 mln which the company expects to grow to €1 bn. The company's facilities are concentrated in Amsterdam, Antwerp, Brussels as well as Romania.
WDP is a fully integrated player that provides development, investment and asset management expertise.
Founded in 1971 by Jos de Pauw, the company now has a market capitalisation of some €1.3 bn. The family still has a 26% stake in the Brussels-listed company.