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


first_imgA JUDGE has reprimanded a 53-year-old man who was attempting to start a cannabis grow house in his house in Donegal.Conal Gillespie admitted having seven half-grown cannabis plants and four dead cannabis plants in the attic of his Inishowen bungalow.Inspector David Murphy told Carndonagh District Court that the cannabis – worth around €700 – was found during a Garda search of Gillespie’s home at Carrowkeel, Quigleys Point on September 17. A defence solicitor said the 53-year-old is a highly intelligent academic and language translator.“This was essentially a bit if curiosity to him. It wasn’t a successful operation as evidenced by the dead plants,” said the lawyer.Judge Kelly told the defendant: “You’re a bit long in the tooth for this sort of operation Mr Gillespie.”Judge Kelly adjourned the case until December, ordering Gillespie to make a €250 donation to Clonmany Youth Club.DRUG GROW HOUSE MAN TOLD: ‘YOU’RE A BIT LONG IN THE TOOTH TO BE DOING THIS’ was last modified: October 26th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:cannabischargescourt casequigleys pointlast_img read more

Wenger explains Wilshire omission

first_imgArsenal manager Arsene Wenger said he left Jack Wilshere out of the starting line-up for his team’s victory at Fulham because the midfielder has still not fully recovered from an ankle injury.Wilshire came on a 71st-minute substitute at Craven Cottage, where’s Fulham’s Steve Sidwell was sent off.Wenger said: “Jack played on Saturday and Tuesday and he is still not completely recovered. He is not yet pain-free so I took the decision to rest him today.”Per Mertesacker’s first-half header was enough to see off Fulham and boost the Gunners’ hopes of a top-four finish.“It was a very important win for us. It was important for us to put the pressure on Tottenham and Chelsea today,” Wenger added.“It’s important for us to win all our games. We are on a strong run and now we most concentrate on the next one – Manchester United – which will be an intense game.”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 Follow West London Sport on TwitterFind us on Facebooklast_img read more

Spotted: Shane Warne advises Kuldeep Yadav before Chinaman bowler’s 3-wicket haul

first_img4th Test, Day 3 Scores(Full scorecard)Brief scores:India 622 for 7 declared (Pujara 193, Pant 159 not out, Jadeja 81, Lyon 4 for 178)Australia 236 for 6 (Harris 79, Handscomb 28 not out, Cummins 25 not out, Kuldeep 3 for 71)Australia trail India by 386 runsThe fact that Shane Warne is Kuldeep Yadav’s life-long idol is no secret. The chinaman has in the past spoken very highly of Warne’s influence in his bowling.Over the years the legendary leg-spinner has imparted his invaluable knowledge and experience every time he has met Kuldeep.Warne had bumped into Kuldeep at Adelaide, where the pair eventually got talking about spin bowling.Warne was seen deep in conversation with Kuldeep, showing him the tricks of the trade. Kuldeep the ever-attentive pupil, hung onto to every last word.”The front leading arm and all the momentum he gathers as a bowler is dissipated because his front arm goes towards fine-leg. Every time Warne was explaining to him, the shoulder goes down rather than away, which means the leading arm is actually following. It is going straight rather than away from you. That is something that will help him get the ‘fizz’ which Warne used to get,” Former Indian spinner Muralki Karthik explained on Sony’s end of day show on day 3 of the fourth Test.Kuldeep on Saturday, playing his first match since the ‘masterclass’ Warne and on the tour, went onto take three wickets to wreck havoc among the Australian ranks with willy spin. He dismissed Usman Khawaja, Travis Head and Tim Paine.Here is how he took those wickets:Yadav to Khawaja – Khawaja has hit this straight down mid-wicket’s throat. The Aussies came out looking ultra positive today and it had paid good dividends as they scored quick. But the problem with that tactic was that there would always be an odd chance given. Kuldeep gives this air on middle and Khawaja comes down the ground to loft it over mid on for a boundary. But the ball drifts a bit instead of turning. Usman gets it off the inner half and the ball goes straight to Pujara at mid-wicket.Yadav to Head – Fine return catch by Kuldeep Yadav and the fifth wicket goes down for Australia. A rank full toss around off, dipping into the batsman, Head shimmies down the track for a big shot probably but it catches the bottom half of his bat and lobs back to the bowler. Kuldeep reacts quickly in his followthrough and goes down to snap a low catch. India celebrate as a disappointed Travis heads back to the pavilion. Soft dismissal really. Still 231 runs away from avoiding the follow-on.Yadav to Paine – Gone through the gate! The whole over Kuldeep was bowling varying lengths and this one was the most flighted and fuller one of all. Gives it a large loop outside off and Tim Paine gets undone by the flight. He does not move his feet and goes for the drive away from his body. Leaves a huge gap between bat and pad and the ball goes right through. Takes the leg stump on its way. Poor, poor shot from the skipper, very lazy! Kuldeep picks up his third wicket of the inningsWarne had lauded Kuldeep for his debut performance which came in Dharmashala in 2017 and incidentally against Australia.advertisement”If young Kuldeep remains patient when he’s bowling in all forms then he could challenge Yasir as the best leg- spinner in the world and quickly,” Warne had tweeted.Was a pleasure to meet young Kuldeep when I was last in India. I really enjoy watching him bowl & cause confusion, even against Oz #INDvAUSShane Warne (@ShaneWarne) October 1, 2017Kuldeep had after the match, praised his ‘idol’ Warne and thanked him for teaching him the flipper that got him his first wicket.”My idol is Warne and I have followed him since my childhood. I only watch his videos and it was a dream-come-true when I met him. I could not believe I was speaking to my idol and sharing my thoughts on bowling and what all I should be doing. I did exactly what he (Warne) told me to do,” Kuldeep had said.The tale of No.23s!When @imkuldeep18 met his idol, @ShaneWarne post a fine show vs RR.#KKRvRR #IPL2018 #KKRHaiTaiyaar (@KKRiders) May 16, 2018Kuldeep had clicked a photo with Warne during the Indian Premier League 2018 back in may with their backs to the camera, showing off the jersey number ’23’ that they share.Also Read | Kuldeep, Jadeja trigger Australia collapse on rain-hit Day 3Also Read | Not getting babysitting gigs: Fans react as Kuldeep playfully pulls young mascot’s cheeksAlso Read | Virat Kohli’s special gesture for Pink Test wins Glenn McGrath’s heartlast_img read more

Fun in the Sun

first_imgWhat better way to celebrate the #AustraliaDay weekend than the Yass Valley Touch Football Knockout way!The 29th Yass Valley Touch Football Knockout, the largest of its kind in Australasia, was held last weekend 28–29 January. A final 112 teams were confirmed to compete for the $15,000 prizemoney: 44 mixed, 40 men’s and 28 women’s teams with several teams on standby due to capacity, such is the huge demand year-on-year!Walker Park Yass transformed into a camping fun park with players from across the world and the country camping out under the Southern Cross and stars and enjoying the social and fun side of our great sport. The BBQs, music and Aussie flags were in full swing with the odd mini pool and ice tubs to take the edge off the warm conditions.View the 29th Yass Touch Knockout Review and Image Gallery – bigger and better each year with the big 3-0 next year!Congratulations to all the winners and participants on a great tournament. Please see the results below. Related Files2017_yass_ko_flowcharts-pdfRelated LinksYass Knockoutlast_img read more