Gimv Increases Its Stake in TINC with Belfius Agreement

Gimv and Belfius have finalized an agreement concerning their investments in TINC, a European infrastructure investment firm listed on Euronext Brussels. Gimv becomes the majority shareholder through a newly established company which will acquire Belfius Insurance's shares, funded by Belfius Bank. This move aims to stabilize TINC's shareholder structure.

Currently, Gimv and Belfius Insurance each own approximately 10% of TINC. Under the new agreement, the newly created company (NewCo) will buy these shares at 11.77 euros per share, based on a volume-weighted average price over the past 20 days. Gimv will contribute its TINC shares in kind to this NewCo.

The agreement, considered a key step for TINC’s future growth, aligns with the shared vision of Gimv and Belfius. Both entities have been involved in TINC from the beginning and see this as a solid foundation for continued collaboration.