Vastned Belgium Announces Merger and Dividend Plans

Vastned Belgium SA (DE:IJX) has released an update.

Vastned Belgium’s shareholders have approved a reverse cross-border merger with its Dutch parent company, Vastned Retail, with the merger set to take effect on January 1, 2025. The company announced an interim dividend of €2.30 per share, payable on November 22, 2024, and reported a slight increase in the fair value of its real estate portfolio, reflecting its robust urban property holdings. Additionally, Vastned Belgium successfully negotiated lease agreements above market rates, highlighting the strength of its asset management.

For further insights into DE:IJX stock, check out TipRanks’ Stock Analysis page.