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Green light for Infravest, a strategic cooperation between Gimv, WorxInvest and Belfius
On September 19th, 2024, an agreement was announced that WorxInvest would acquire half of the interest of Gimv NV in Infravest NV. Infravest NV – incorporated as a 100 % subsidiary of Gimv – is with 21,32 % the largest shareholder of TINC NV and is also the indirect shareholder of TINC Manager NV, de statutory director of TINC NV.
As part of this transaction, Gimv NV and Belfius NV would also contribute their respective interest in TDP NV, the joint venture incorporated by Gimv and Belfius to develop and manage a wide variety of infrastructure assets, in Infravest NV. The transaction was subject to the usual conditions precedent including approval by the relevant authorities.
All regulatory consents have now been obtained, allowing for the strategic cooperation to start. Going forward, WorxInvest and Gimv will each hold a 40,8 % interest in Infravest NV, with Belfius holding a minority interest of 18,4 %.
Infravest NV fully supports as a long-term shareholder the growth ambitions of TINC at a time that the demand for infrastructure investments is stronger than ever.
We are very pleased to welcome WorxInvest as a long-term shareholder of TINC. WorxInvest fully supports the ambition of TINC to double its investment portfolio by investing in a variety of infrastructure assets. This is an important step: the expansion of the reference shareholder base will allow TINC to even better meet the societal infrastructure challenges, such as the energy and digital transitions. We very much look forward to realising our growth targets with the support of ambitious shareholders.
Manu Vandenbulcke
CEO TINC
Philip Maeyaert
chairman Supervisory Board TINC
Infrastructure is a crucial part of megatrends such as digitization, decarbonization and deglobalization. TINC is an experienced and ambitious Belgian infrastructure investor with an European footprint that can play an important role in the context of these megatrends. With Infravest, a strategic cooperation between Gimv, WorxInvest and Belfius, we build the foundation to support TINC with its ambitious investment targets. Infravest fully recognizes the importance of a solid long-term vision that can meet the many and varied challenges posed by the digital transformation and the energy transition.
Koen Dejonckheere
Filip Dierckx
Dirk Gyselinck
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