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DGB Group N.V. (“DGB” or “the Group”) (Euronext: DGB: NL0009169515), a leading carbon project developer and ecosystem restoration company, announces the sale of a 40% stake in Corekees Management B.V. (“Corekees”). The sale is part of a larger investment round in which Corekees raised new funds to fuel its rapid growth. Following the transaction, DGB will hold a 10% stake in Corekees, which is now valued at €5 million following its recent investment round.
Nick van Heesewijk, the co-founder of Corekees, commented, "We are grateful for the partnership with DGB Group, which has been instrumental in scaling our operations and expanding our impact in the early stages. This transaction not only marks a pivotal milestone for Corekees but also reinforces our commitment to accelerating our growth. We are ready for the next phase of further growth. Our focus remains on enhancing the scalability of our platform in Europe to meet the growing demand for sustainable investments."
The CEO of DGB, Selwyn Duijvestijn, remarked that "This strategic divestment perfectly aligns with our vision of fostering early-stage substantial environmental change while delivering value to our stakeholders. Our initial investment in Corekees in May 2021 valued the company at €1 million. With Corekees now valued at €5 million, our sale and us retaining a 10% stake means we have effectively doubled our investment, securing a 100% return for our shareholders. We continue supporting Corekees' remarkable trajectory in the green finance sector. Their resilience and growth validate our initial decision, and we look forward to their continued contributions to a more sustainable future."
DGB’s stake in Corekees is a prime example of DGB’s dedication to nurturing early-stage initiatives which is part of DGB's broader strategy to integrate impactful projects and business into its core business framework. DGB encourages startups interested in exploring growth and acceleration opportunities to visit startup.green.earth for more information.
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For more information about DGB, please contact:
DGB GROUP NV
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Disclaimer
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 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 about the financial position of DGB, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and forecasts and estimates made by DGB’s management. Although DGB 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 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, DGB assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise. The provision of DGB’s services and products is subject to its General Terms and Conditions.
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DGB Group N.V. (“DGB” or “the Group”) (Euronext: DGB: NL000916951), a leading carbon project develop..
DGB Group N.V. (“DGB”, “the Group”, or “the Company”) (Euronext: DGB: NL000916951), a leading develo..
DGB Group N.V. ("DGB" or "the Group") (Euronext: DGB: NL0009169515), a leading developer of carbon p..
DGB Group N.V. (“DGB” or “the Group”) (Euronext: DGB: NL0009169515), a leading carbon project develo..
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