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TINC announces intention to launch an Initial Public Offering and listing on Euronext Brussels
Download pdf 13/03/2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA

This announcement does not constitute an offer to sell, or a solicitation of an offer to acquire any securities.

An investment in shares involves substantial risks and uncertainties. The prospective investor must be able to bear the economic risk of an investment in shares and should be able to sustain a partial or total loss of their investment. Investors will need to base their investment decision on the prospectus and particularly the risk factors as described in the prospectus that TINC Comm. VA expects to publish after its approval by the Belgian Financial Services and Market Authority (FSMA), and which can then be obtained at TINC’s registered office and on www.tincinvest.com.

TINC Comm. VA (“TINC” or the “Company”), a Belgian infrastructure investment company, today announces its intention to launch an Initial Public Offering (the “IPO” or the “Offering) of its ordinary shares on Euronext Brussels.

TINC aims to raise approx. EUR 140 million in an offer that will consist of new and existing shares.

Highlights TINC

  • TINC is a Belgian investment company holding investments in predominantly mature and operational public and private infrastructure assets. TINC holds and has secured a diversified investment portfolio of about EUR 150 million in Public Private Partnerships (PPP), energy and real assets, located in Belgium and The Netherlands.

  • TINC’s objective is to further grow its investment portfolio by deploying the net proceeds of the IPO. TINC will benefit from access to the infrastructure market through the expertise and origination capacity of the infrastructure joint-venture TDP.

  • TINC positions itself as a dividend stock. TINC’s dividend policy is underpinned by qualitative long term cash flows which tend to be stable, predictable and sustainable.

  • TINC’s board and executive committee members are highly experienced and have a proven track record in infrastructure investments.


TINC will be the first listed infrastructure investment company on Euronext Brussels and will offer investors a unique opportunity to invest in the infrastructure asset class.

Manu Vandenbulcke, CEO TINC: “We are pleased to announce our intention to list TINC on Euronext Brussels. TINC has been an active infrastructure investor since its inception in 2007. The listing will provide the company with the tools and funding to further grow its investment portfolio, whilst at the same time offering institutional and retail investors flexible access to an asset class which has hitherto been characterized by important hurdles in terms of investment size, duration and liquidity. We are convinced that TINC will continue to be a long term financial partner to both public and private infrastructure initiatives. TINC is ready to continue its ambitious growth.”

Marc Vercruysse and Peter Vermeiren, respectively Gimv and Belfius, on TINC: “In 2007, Gimv and Belfius made a strategic choice to combine their forces in an infrastructure joint-venture. With this initiative we created a tool to mobilize savings to invest in community infrastructure. TINC could benefit from this strong platform and has grown into a key local player in infrastructure investments. We are convinced that TINC is now ready to take the next step towards further growth. As principal shareholders, we continue to support the management team and remain strongly committed to TINC, also after the IPO."