Monthly Archives: August 2024

Assets, Business, Financial, Financial Law, Funds, Loans, Money

Astor Asset Management Alleges Major Loan Breach and Securities Violations by Salinas Pliego

VANCOUVER, Canada, 26-Aug-2024 — /EuropaWire/ — Astor Asset Management, a prominent investment firm, has formally accused Mexican billionaire Ricardo Salinas Pliego of breaching a $110 million loan agreement. The allegations include failure to meet payment obligations and non-disclosure of pledged shares, which is considered a violation of Mexican securities regulations. Astor asserts that these actions compromise market transparency and investor confidence. The firm has urged Mexico’s National Banking and Securities Commission (CNBV) to take decisive action. This development could have significant implications for the financial markets and regulatory environment in Mexico.

For further details, read the full press release issued by the firm over here (German) and here the Spanish version.

Business, Financial, Financial Statements, Funding, Funds, Investment

Elektromobilności: ChargeEuropa zamyka rundę finansowania, której przewodził fundusz Shift4Good

WARSZAWA, 19-sierpnia-2024 — /EuropaWire/ — ChargeEuropa, a leading Polish electric vehicle (EV) charging infrastructure company, has secured significant international investment in its latest funding round, marking a major milestone in the company’s expansion plans. The round was led by Paris-based investment firm Shift4Good, which specializes in supporting environmentally focused companies and manages a capital pool of €200 million. This investment represents the first substantial French involvement in Poland’s burgeoning electromobility sector.

Shift4Good’s Managing Partner, Matthieu de Chanville, expressed enthusiasm about the collaboration, highlighting their commitment to supporting innovative companies that positively impact the environment. The partnership with ChargeEuropa aims to accelerate the expansion of EV charging infrastructure across Poland and Central and Eastern Europe (CEE).

Other notable investors in the round include Simpact Ventures, a Polish impact investment fund, MobilityFund, a German venture capital firm specializing in mobility and transportation, and Canard Ventures, a U.S.-based firm focused on creative technologies. Additionally, Alex Kostecki, a Swiss-Polish entrepreneur and co-founder of the financial app Clair, also participated, bringing valuable experience in scaling technology companies.

The newly acquired capital will enable ChargeEuropa to enhance its cutting-edge EV charging technologies, expand its team, and deploy new charging stations across Poland, with over 1,000 locations already in the pipeline. The company also plans to expand into new markets and solidify its position as a leader in the EV charging infrastructure sector in the CEE region.

Wojciech Majewski, Partner at Simpact Ventures, expressed confidence in ChargeEuropa’s potential to democratize access to clean transportation across both urban and underserved rural areas. Similarly, Jan-Christoph Rickers, Managing Director of MobilityFund, emphasized the innovative approach of integrating advertising with EV charging stations, which can make these stations profitable even in emerging markets.

Matt Tymowski, CEO of ChargeEuropa, expressed his excitement about the strong support from international investors. He noted that this investment would not only allow ChargeEuropa to improve its technology and expand its team but also accelerate its mission to make EV charging more accessible throughout Poland and beyond.

This latest funding round marks a significant step forward for ChargeEuropa and the Polish electromobility industry, demonstrating growing international interest and confidence in the sector’s potential. ChargeEuropa remains committed to creating sustainable solutions and setting new standards in the EV charging industry.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Statements, Funds, Investment, Money, Profits, Revenues, Stocks, Trading

Digi Communications N.V. reports strong growth in H1 2024

BUCHAREST, Romania, 14-Aug-2024 — /EuropaWire/ — Digi Communications N.V. has released its financial results for the first half of 2024, revealing a robust performance across its key markets. The company achieved consolidated revenues of €921.3 million, marking a 13% increase compared to the same period last year. Adjusted EBITDA, excluding the impact of IFRS 16, also saw a significant rise, reaching €284.6 million, a 19.3% improvement year-on-year.

The company’s growth was driven by a substantial increase in revenue-generating units (RGUs), surpassing the 25 million mark for the first time—a 14% year-on-year increase. This growth was particularly pronounced in Spain, where the mobile segment grew by 23.2% and broadband services surged by 50.6%.

Digi’s operations in Romania, Spain, and Italy continued to expand, with notable increases in mobile, fixed internet, and Pay-TV services. In Romania, mobile services grew by 15.1%, while Spain saw a 30.1% increase in RGUs across all services. The company also announced strategic expansions into new markets, including Portugal and Belgium, with significant acquisitions and agreements to enhance its market presence.

Serghei Bulgac, CEO of Digi Communications, expressed confidence in the company’s trajectory, highlighting the successful transition to a full-fledged mobile network operator in Spain and the ongoing efforts to strengthen their market position through strategic acquisitions and partnerships.

The financial report for the first half of 2024 is now available on Digi Communications’ website.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Statements, Investment, Stocks, Trading

Digi Communications N.V. grants conditional Class B stock options to a director of Digi Romania S.A.

BUCHAREST, Romania, 13-Aug-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, informs the market that on 12 August 2024 was granted a total amount of 70,000 conditional class B stock options to a director of Digi Romania S.A. (the Romanian subsidiary of the Company), according to a stock option program approved by the Company’s Class A Shareholders and by the Board of Directors resolutions on 12 August 2024, pursuant to the Company’s Stock Option Plan.

The actual exercise of the stock options is conditional upon the fulfilment of several performance conditions and the normal vesting date is being set after a period of at least 1 year as of the grant date.

About Digi Communications N.V.

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Statements, Funding, Funds, Investment, Money, Revenues, Stocks, Trading

Digi Communications N.V. to host conference call on 14 Aug 2024 to discuss its H1 2024 financial results

BUCHAREST, Romania, 7-Aug-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, announces that on 14 August 2024 at 14:00 UK time / 16:00 EEST (Romania local time), will host a conference call to discuss its H1 2024 financial results. The Company will publish the unaudited H1 2024 financial results on the same day, 14 August 2024 at 08:00 am EEST.

The call will be held in English language, and it will be hosted by the Company’s CEO, Mr. Serghei Bulgac, and the Company’s CFO, Mr. Dan Ionita.

To participate in the call the stakeholders are invited to pre-register at:

https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar

The deadline for pre-registration is 14 August 2024, 12:00 UK time / 14:00 EEST (Romania local time).

About Digi Communications N.V.

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Assets, Business, Financial Information, Financial Management, Investment

Nowo Communications, S.A. expands in Portugal with the acquisition of Nowo Communications S.A.

BUCHAREST, Romania, 2-Aug-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, informs the market that on 1 August 2024 DIGI Portugal, LDA. (“DIGI Portugal”) entered into a share purchase agreement with LORCA JVCO Limited for the acquisition of 100% of the shares issued by Cabonitel, S.A. at a valuation of EUR 150 million, subject to customary adjustments and certain contingent events (the “Transaction”).

The Transaction perimeter includes Nowo Communications, S.A. (“Nowo”), Portugal’s fourth biggest mobile and fixed telecom operator (entirely owned by Cabonitel S.A.). Nowo has ca. 270 thousand mobile telephony clients and ca. 130 thousand fixed telecommunications clients. Nowo also holds spectrum licenses in 1800 Mhz, 2600 MHz and 3600 MHz frequency bands.

The completion of the Transaction is subject to competition clearance.

About Digi Communications N.V.

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire