PGGM, ATP join sovereign wealth funds in €3.7bn car-lease deal

first_imgThe €186bn Dutch asset manager PGGM and the €110bn Danish statutory pension fund ATP have bought minority stakes in Dutch car-lease company LeasePlan.They made the investment as part of an international group, which purchased full ownership from Global Mobility Holding – jointly owned by Volkswagen Group and Germany-based Fleet Investments – in a €3.7bn transaction.The consortium included the sovereign wealth funds of Abu Dhabi (ADIA) and Singapore (GIC), as well as institutional investment funds managed by TDR Capital and Goldman Sachs’s Merchant Banking Division.PGGM spokesman Maurice Wilbrink said: “We consider LeasePlan as a very promising company with a solid growth strategy for added value.” PGGM, asset manager for the €166bn healthcare scheme PFZW, cited its participation as “a long-term investment with an attractive risk/return ratio”.It said it would supply one of the consortium’s additional two members on the supervisory board of the car-lease firm, and that the group would share its expertise with the company’s management.Wilbrink declined to provide details about PGGM’s stake or about expected returns.The €19.7bn company, however, reported a net profit of 14% over 2014.On behalf of the consortium, Eric-Jan Vink, head of PGGM’s private equity team, said: “We are investing in the future of a company with an unmatched portfolio of market-leading assets, highly knowledgeable and dedicated staff and a sound strategy under a highly experienced management.”According to LeasePlan, the group intended to finance the acquisition through an equity investment of approximately 50% of the purchase price, a mandatory convertible note of €480m and a cash-pay debt facility of €1.55bn.Founded in 1963, the company has become a global market leader, with operations in 32 countries and total fleet management of 1.4m vehicles.It employs 6,800 staff in total.The deal should be concluded by the end of this year, pending regulatory approval.last_img read more

Terry targets top spot

first_img “It’s not only us who have suffered defeats and draws against teams where you would expect us to win. Hopefully we can knock that out of our system sooner rather than later while other teams are still struggling. “Manchester United are still struggling, Cardiff beat Man City, there’s been all sorts of results that have been big upsets. “It’s important like (against Palace), even though you’re grinding it out and it’s difficult, you have to see those games out.” Chelsea play at Sunderland in the Capital One Cup on Tuesday night with a place in the semi-finals at stake. Goalkeeper Petr Cech said: “It’s great to be in the position we’re in: we topped the group in the Champions League, we’re two points off the Premier League leaders and we can be in the semi-final of a domestic cup if we win on Tuesday. “All of this, and we know that we haven’t reached our peak, so it’s great.” Mourinho plans to rotate his options at the Stadium of Light and would like to give Terry a night off, if Gary Cahill is deemed fit to play after missing the Palace win as a precaution. “I would like to give John a rest for that match,” Mourinho told Chelsea TV. Branislav Ivanovic is suspended, so Cesar Azpilicueta will switch to his favoured right-back role, with Ashley Cole returning on the left. Mourinho’s men will not be practising penalties, despite the fact the match could be decided on spot-kicks. He added: “I practice a lot and we always lose on penalties. This time we don’t practice.” Tony Pulis has now had four matches in charge of Crystal Palace, winning two of them, and was pleased with the performance at Stamford Bridge. Now Pulis hopes to recruit in the winter transfer window, without detracting from the spirit being fostered among his troops. He said: “It’s tough, because you go into a football club and you’re playing catch up. In the Premier League it’s such a relentless league and you have runs of games where you’re playing against teams like Chelsea where it’s very, very difficult to get points. “The spirit from the players in the past five, six games has been absolutely fantastic. “One thing we must be careful of is that we bring players in with the same attitude of these because their attitude has been absolutely fantastic.” Pulis knows survival remains a difficult goal to achieve. He added: “I’m not coming to the club saying ‘we’re going to definitely stay up’. “All I’ve said is I’ll try and get it sorted out, organised and have a real go at it.” Press Association John Terry is targeting a win at Arsenal to take Chelsea top of the Premier League at Christmas. “We’ve got an opportunity to go away to Arsenal next week and go top of the league,” Terry told Chelsea TV. “They got a bit of a thumping, but they’re a really good side and really good at home as well. “It’s going to be tough, but I think the motivation for us is to go there and beat them and go top of the league, which, just before Christmas, is a really good place to be.” Fernando Torres’ opener was cancelled out by Marouane Chamakh before Ramires scored what proved to be the winner in the first half against Palace. Chelsea had numerous chances to make life easier for themselves, but also might have conceded an equaliser, and Terry knows they are still to find their best form. “We’re clearly not firing on all cylinders at the moment,” Terry said. “I think we’ve got another gear to go, which is still encouraging, being the position we are at the minute. “So we’re not too disappointed, we just know as a group we can get better. The Chelsea captain recognises there is still room for improvement for the Blues, who won 2-1 against Crystal Palace to cut the gap at the top of the table to leaders Arsenal to two points. Consequently, Jose Mourinho’s men travel to the Emirates Stadium on December 23 to play an Arsenal side beaten 6-3 by Manchester City, knowing a win would put them top of the pile heading into Christmas. last_img read more

WHS Daily Bulletin: Thursday

first_img*There will be a movie night for Life of an Athlete on September 20th at  9:15 p.m at the Regent Theatre free of charge. The movie showing will be “When the Game Stands Tall.” *It is not too late to join us on our trip to Ireland, England, Scotland and Wales in June 2015!  If you are interested please see Mrs. Groom for information as soon as possible.  Trip price will go up Oct. 1. *Spirit Week starts September 29 –Monday– Marvin K. Mooney Will You Please Go Now? – Wear your Pajama’s to school.Tuesday– Cat in the Hat- Crazy Hair/Hat DayWednesday– Mr. Brown Can Moo Can You? Favorite Dr. Seuss character or AnimalThursday– The Sneeches- Go all out and wear your starsFriday– One Fish, Two Fish, Red Fish, Blue Fish- Wear red to show your Crusader Pride *Students enrolled in Agriculture classes may pay their FFA dues to Mrs. Chase.  Dues are set at $25.00 and need to be paid by Sept. 25. *Experience a day in the life of a Shocker! Don’t miss out on Wichita State University’s Junior and Senior Days this fall. At these events you will explore the different academic majors and student involvement opportunities WSU has to offer. Students will also have the opportunity to tour campus and Koch Arena, home of Shocker Basketball. If you are interested in attending, please visit the counseling webpage under Camps, Senior/Junior Days. *Any sophomores or juniors interested in taking the PSAT, please see Mrs. Hatfield in the counselor’s office by September 25th Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Guidance Office News:College visits during lunch:Thursday, September 18- Cloud County CCFriday, September 19- SouthwesternFriday, September 26- KUMonday, October 6- Newman UniversityMonday, October 6- Washburn Tuesday, October 21- KANSAS STATEThursday, October 23- Butler CCC Tuesday, November 11- Pittsburg StateThursday, November 13- Fort Hays College.Follow us on Twitter. * Seniors will meet in the Auditorium on Monday during first block.  Juniors will meet on Tuesday, sophomores on Wednesday, and Freshmen on Thursday *Attention All Seniors- On Friday, September 26 all Seniors will be taking a picture in the gym during second block. We want this to be epic, so make sure to wear red and white to show your Crusader Pride. Submitted to Sumner Newscow — Today’s Wellington High School bulletin for Thursday, Sept 18., 2014:Thursday•Varsity Tennis at Ark City 3 p.m.•Cross Country at Chaparral 4 p.m.•C-team Volleyball at WHS 5 p.m.•JV Tennis at WHS 4 p.m.Friday• WHS football at Circle 7 p.m.Saturday•Varsity Tennis at Kingman 9 p.m.•Varsity Volleyball at Chaparral 9 p.m.Thursday’s lunch: Beef and noodles, mashed potatoes, baby carrots, hot roll/jelly, pineapple chunks. Friday’s lunch: Corn dog, green spinach salad, grew peas, apple.Today’s News*Seussical Cast- Please sure to check your school e-mail or stop by to see Mrs. Kelly for tonight’s updated rehearsal schedule.last_img read more