VGP shares rise, analysts point to speculation over possible JV announcement

VGP NV

14/04/2023 10:28

April 14 (Reuters) -    ** Shares in Belgium-based VGP
 VGP1.BR  rise 3.3%, paring earlier gains of as much as 5.1%,
with analysts pointing to speculation around a possible JV
announcement
    ** KBC Securities' Wim Lewi says the market is likely
speculating on a new JV in light of the recently announced
German site visit
    ** On May 9, VGP will hold a site tour and presentation at
its VGP Park Muenchen in Germany
    ** "Most likely people are speculating on a JV announcement,
that is important to keep the asset growth over the long term,"
Wim says
    ** Kepler Chevreux's Frederic Renard says that recent
publications show several deals ongoing in logistics in Europe:
"it could give arguments that the company may be in a position
to realize its ambition to sell assets to potential new JV
partners"
        ** Including Friday's rise, the stock has gained 16.2%
YTD, and has risen around 8.7% since the beginning of April

 (Reporting by Dina Kartit)
 ((dina.kartit@thomsonreuters.com))