Key Takeaways Ball Corp completed the sale of a 41% stake in its Saudi joint venture to ORG for $70M.The company retains 10% ownership in the JV to maintain a strategic minority position.The deal expands Ball Corp's collaboration with ORG to serve Middle East customers better.Ball Corporation (BALL) announced that it sold its 41% ownership interest in Ball United Arab Can Manufacturing Company (UAC), its consolidated joint venture in the Kingdom of Saudi Arabia, to a subsidiary of ORG Technology Co., Ltd. ( ...

Nanterre, 21 May 2025 VINCI sells its 50% stake in the Mantiqueira high-voltage power line in Brazil Disposal of 50% of the Brazilian company Mantiqueira by Cobra IS to Brookfield for around €130 million Illustration of the Group's technical expertise in the realization of electricity transmission networks and its ability to create value through dynamic management of its portfolio of assets Cobra IS, a subsidiary of VINCI, announces the sale of its 50% stake in the Brazilian company Mantiqueira Transmisso ...

Core Insights - DEMIRE Deutsche Mittelstand Real Estate AG reported stable operating performance in Q1 2025, aligning with the Executive Board's expectations despite a reduced portfolio base [1] Financial Performance - Rental income decreased by 24.7% to EUR 14.0 million compared to EUR 18.6 million in Q1 2024, primarily due to a smaller portfolio [2] - Earnings before interest and taxes (EBIT) fell to EUR -3.4 million from EUR 4.8 million in the same period last year, largely due to market value adjustments of properties held for sale amounting to EUR -10.8 million [2] - FFO I (after taxes, before minority interests) totaled EUR 2.1 million, down from EUR 7.9 million in Q1 2024, reflecting the impact of the reduced property portfolio [3] Portfolio and Market Value - The market value of DEMIRE's portfolio decreased to approximately EUR 766.0 million after sales and value adjustments, down from EUR 779.3 million at the end of 2024 [4] - The net asset value (NAV) per share decreased by EUR 0.16 to EUR 2.29 in the reporting period, compared to EUR 2.45 at year-end 2024 [4] Letting Performance - The letting performance tripled to 25,500 square meters in Q1 2025, compared to 8,200 square meters in Q1 2024, marking the highest letting performance in a first quarter since 2022 [5] - The EPRA vacancy rate increased to 18.1% from 15.1% at year-end 2024, while the average remaining lease term (WALT) rose slightly to 4.8 years [5] Financial Stability - The net loan-to-value (LTV) ratio was stable at 41.5%, compared to 40.9% at year-end 2024, indicating a strengthened balance sheet [6] - Cash and cash equivalents amounted to EUR 46.2 million as of the reporting date [6] Guidance for 2025 - The Executive Board confirmed the guidance for 2025, expecting rental income between EUR 51.0 million and EUR 53.0 million, down from EUR 65.3 million in 2024, and FFO I between EUR 3.5 million and EUR 5.5 million, compared to EUR 26.2 million in 2024 [7][8]