Dutch Green Business Group N.V. (Euronext: DGB, “DGB”) today announced it acquired a strategic stake of 50% in Green Fuel Investments B.V. (“GFI”). DGB invests EUR 500,000 in GFI to facilitate the expansion of its groundbreaking tree-focused retail investment platform Corekees.
Corekees is giving sustainability an economic value by planting trees and making its state-of-the-art sustainable investment platform available for investors throughout Europe. The retail investment platform turns reforestation projects into sustainable investments by allowing the harvest proceeds to flow back to the investors, allowing them to profit from a greener world.
Corekees currently manages the capital for over 600 investors with a team of eight.
Its first successful investment project is the reforestation of the Pongamia tree. The double-lasting effect of the Pongamia tree makes it unique; in addition to the high CO2 compensation, the tree produces a fossil fuel substitute.
DGB Group is investing € 500,000 in the Corekees brand for the further development of the platform. The growth capital is also provided for scouting new investment opportunities, as well as the marketing efforts required for international growth in Europe.
The use of DGB’s knowledge and financial powers, combined with the technical expertise of its subsidiary Statix Artificial Intelligence (“Statix”), will enable Corekees to leverage best-in-class tree planting capabilities to sequester carbon worldwide with more advanced technology by placing it in a more cost-effective environment, and with greater scalability.
The acquisition fits very well in DGB´s growth strategy. Both companies see a perfect fit in terms of strategy, DNA, client focus and dedication to corporate social responsibility and global reforestation.
“Sustainability and economic value should go hand in hand. That is why we founded Corekees and why we are partnering with DGB today. Together, we will develop the Corekees platform to reforest the world whilst generating a decent profit for our investors.”, said Co-Founder Nick van Heesewijk.
“Save trees for yourself, your family or your business. Save trees to become carbon neutral or to make a healthy profit. Save for one tree a month or for a whole lot. We don’t mind. Because every tree we plant contributes to a greener world. Isn't that what we all want?”, said Co-Founder Tamar van Heesewijk.
“We fully align ourselves with Corekees' ambitions. Many young people realize that sustainable investing today is one of the few ways to secure a better future. Thanks to the new generation of green investment services Corekees offers and with our investment and knowledge, together we can accelerate expansion of the platform in Europe”, said CEO Selwyn Duijvestijn.
Dutch Green Business Group N.V.
Selwyn Duijvestijn, Chief Executive
+31(0) 20 8080825 (NL)
+44(0) 20 8064 0936 (EN)
The Corekees Foundation is led by Nick van Heesewijk (Co-Founder & Executive) and Tamar van Heesewijk (Co-Founder & Financials). Nick and Tamar are cousins who share a vision but have an opposite skillset. We all want to make a profit while doing good, but to many this seems nearly impossible. We are here to change that. At Corekees we believe investing in a greener world and earning a healthy profit should be accessible! We make this possible by planting trees. Through our platform it’s very easy to invest in our trees. Invest in some trees for yourself, your family or your business. Invest to become climate neutral or to make a healthy profit. Invest in a few trees or a whole forest. Every tree contributes to a greener world, which is why we are doing this in the first place.
Dutch Green Business Group N.V. is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. DGB’s strategy is to participate in large forest carbon offset projects around the world that deliver commercial and environmental benefits. DGB’s vision is to be a leading high-impact investor in sustainably managed forests by providing competitive real investment returns for shareholders combined with high social impact. www.dgb.earth
This press release qualifies as a disclosure within the meaning of Article 17 paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and contains inside information within the meaning of Article 7 paragraph 1 MAR. This press release does not contain (an invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DGB Group N.V. and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including with regard to the financial position of the DGB Group, the results it achieved and the business (ies) it runs. Forward-looking statements are all statements that do not relate to historical fact. These statements are based on information currently available and on forecasts and estimates made by DGB Group management. Although the DGB Group believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to, or contribute to, differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions . These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DGB Group are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation to do so, the DGB Group assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise.
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