Tag: PR Newswire

• Consortium led by EDF power solutions, Al Khadra Partners (part of Hind Bahwan Group) and OQ Alternative Energy signs a Power Purchase Agreement to develop, finance, build and operate the 120-megawatt (MW) Jaalan Bani Bu Ali Wind Independent Power Project
• Wind farm to supply low-carbon electricity to the Omani national grid starting in Q3 2027
• Generated power to support the Sultanate’s energy transition and contribute to broader Middle East climate mitigation

MUSCAT, Oman, Dec. 17, 2025 /PRNewswire/ — A consortium led by EDF power solutions, Al Khadra Partners and OQ Alternative Energy (OQAE) the National Champion for Clean Energy, signed a 20-year Power Purchase Agreement (PPA) with Nama Power and Water Procurement Company (Nama PWP) to develop the 120 MW Jaalan Bani Bu Ali (JBB) Wind Power Plant in the Sultanate of Oman. 

The JBB Wind Project is located in the Ash Sharqiyah South Governorate, approximately 440km from the Port of Duqm and spans an area of 10.7km2 of land. The wind farm will consist of 16 wind turbines, each with a power output of 7.7 MW. The project is expected to reach financial close in 2026 and connect to the grid in Q3 2027.

Upon completion, JBB Wind Farm will generate renewable electricity sufficient to power over 13,500 Omani households. The project will enable to avoid more than 270,000 tonnes of CO₂ annually, contributing to Oman’s climate change mitigation goals, while creating jobs and sharing expertise with the local population.

On this occasion, His Excellency Engineer Salim bin Nasser Al Aufi, Minister of Energy and Minerals, stated: “We are pleased to mark the signing of the Jaalan Bani Bu Ali Wind Power Project agreement in the South Al Sharqiyah Governorate. The project represents a pioneering step within the Sultanate of Oman’s efforts to strengthen the national renewable energy system, embodying our firm commitment to achieving the pillars of Oman Vision 2040 for the energy sector and the net-zero target by 2050.”

His Excellency added: “Wilayat Jaalan Bani Bu Ali was selected as the site for this vital project, which spans an area of approximately 11 million square metres and stands as one of the country’s most prominent wind energy projects. The project entails an investment of around OMR 50 million and will contribute to reducing carbon emissions by approximately 270,000 tonnes annually. This reflects the Sultanate of Oman’s strategic direction towards building a modern energy system based on sustainability, enhancing the efficient use of the Sultanate of Oman’s natural resources, and strengthening the contribution of national competencies in the energy sector.”

Concluding his statement, His Excellency Engineer Salim Al Aufi, said: “The signing of this project agreement reaffirms the Sultanate of Oman’s determination to move forward with the transition towards a low-carbon economy and to enhance its position as a leading regional hub for renewable energy. We have set a target for renewable energy to account for 30% of electricity generation in the Sultanate of Oman by 2030—an economy capable of attracting high-quality investments and supporting sustainable development plans, delivering tangible impacts on the climate, the economy, and Omani society.”

Mr. Ahmed bin Salim Al Abri, CEO of Nama Power and Water Procurement, highlighted that: “The JBB Wind Power Project represents a key milestone in the Sultanate of Oman’s transition to clean energy, with an annual generation capacity of approximately 352,380 MWh.”

He continued: “The project will free up around 67 million cubic metres of natural gas each year, underscoring Nama Power and Water Procurement’s commitment to supporting the Sultanate’s energy diversification objectives and ensuring the long-term sustainability of the electricity sector. In addition, the project will boost local content by creating greater opportunities for SMEs and contributing to national economic growth through the In-Country Value (ICV) programme, by allocating a portion of contracted works to Omani companies. This approach will stimulate local business growth, generate employment, reduce import dependence, and drive development in South Ash Sharqiyah Governorate.”

Olivier Bordes, Managing Director Middle East of EDF power solutions, said: “EDF power solutions is proud to launch its second renewable project in Oman—and first Wind project in partnership with Al Khadra Partners and OQAE. This new collaboration marks an important step for us in the country and demonstrates the value we bring through our industrial know-how and technical expertise. As a leading low-carbon developer, we are honoured to expand our role in wind project development and operations, supporting the Sultanate of Oman in its efforts to decarbonize and diversify its energy mix, and contributing to Oman’s net-zero ambitions.”

Sheikha Hind Bahwan, Chairperson of Al Khadra Partners, commented: “We are honoured to partner with EDF and OQAE in developing this prestigious wind power project. This award reflects our shared commitment to advancing clean energy and supporting the nation’s long-term sustainability vision. As a co-developer, Al Khadra Partners is proud to bring our regional expertise and deep understanding of local project execution to ensure the successful delivery of this landmark initiative. This project will further strengthen Sultanate of Oman’s leadership in the energy transition and create lasting environmental and economic value for the Sultanate of Oman and its people.“

Eng. Ghalib Al Maamari, Acting CEO of OQ Alternative Energy, said: “This project represents a continuation of OQ Alternative Energy’s efforts to strengthen Oman’s presence in clean and renewable energy and to accelerate the country’s energy transition. Through this partnership with EDF power solutions and Al Khadra Partners, we are reinforcing OQAE’s role as the national champion for clean energy—bringing together international expertise and local capability to deliver reliable, emissions-free power for the national grid. Projects such as the Jaalan Bani Bu Ali Wind Project contribute directly to Oman’s energy security, economic diversification, and Net Zero 2050 ambitions, while creating long-term value for the Sultanate.”

JBB wind farm will help to achieve the target of increasing the share of the renewables in the energy mix in Sultanate of Oman and to reach a minimum of 30% by 2030. Set to be one of the largest onshore wind farms in Oman, the project will be developed, built, owned and operated by the consortium as part of a 20-year power purchase agreement with the off-taker Nama PWP.

About Nama Power and Water Procurement

Nama Power and Water Procurement Company is the procurer of all electricity and desalinated water projects in the Sultanate of Oman, currently contracting with around 11 desalination plants and 15 power plants. The company is also developing a range of renewable energy projects using solar and wind energy to achieve the targets of Vision Oman 2040 and achieve the goal of net-zero emissions by around 2050.

Contacts
For more information please visit: www.omanpwp.com.
Follow us on LinkedIn: https://www.linkedin.com/company/opwp , Instagram and x: omanpwp

About EDF power solutions

Bringing together the businesses of EDF Renewables and EDF Group International Division, EDF power solutions is an international energy player which develops, builds and operates renewable and low-carbon energy production facilities as well as flexible power and electricity transmission solutions.

As a major player in the energy transition worldwide, EDF power solutions deploys, within EDF, competitive, responsible and value-creating projects. In 25 countries, our teams show their commitment to local stakeholders every day, adding their expertise and capacity for innovation to the fight against climate change.

EDF power solutions operates 31GW of gross installed power capacity worldwide. Leveraging on its technological and commercial skills as well as local knowledge, EDF power solutions develops innovative offers, to support the move towards decarbonisation and develop more efficient electrical systems.

EDF power solutions offer a large range of technologies to produce low carbon electricity (wind power, solar, hydraulics, biomass), increase power system flexibility (battery storage, PSP, low carbon thermal hybrid solution etc.) and to reduce its customers’ carbon footprint (electrical mobility, hydrogen, off-grid solutions, mini-grids, etc.).

Contacts:
For more information: www.uae.edf.com
Follow us on LinkedIn https://www.linkedin.com/company/edfmiddleeast

About Al Khadra Partners

Al Khadra Partners part of the Hind Bahwan Group is committed to accelerating the region’s energy transition. With a strategic focus on renewable energy initiatives across the Middle East, Al Khadra invests in and develops a diverse portfolio of clean-energy solutions, including solar, battery storage, onshore wind, power-to-X technologies, and sustainable mobility. Guided by Sheikha Hind Bahwan’s vision for sustainability, innovation, and In-Country Value creation, Al Khadra aims to deliver impactful, future-ready projects that contribute to national climate goals, strengthen energy security, and support long-term socio-economic development. Through its collaborative approach and commitment to excellence, Al Khadra continues to play a leading role in shaping a cleaner, more resilient energy future for the region.

Contacts:
For more information: www.hindbahwangroup.com
Follow us on LinkedIn: https://www.linkedin.com/company/hind-bahwan-group/

About OQ Alternative Energy (OQAE)

OQ Alternative Energy (OQAE), a subsidiary of OQ, is the Sultanate of Oman’s National Champion for Clean Energy. Established in 2020, OQAE contributes to the country’s clean energy transition in line with Oman Vision 2040 and Net Zero 2050. Its portfolio includes large-scale solar and wind projects, green hydrogen and ammonia ventures, energy efficiency, and industrial decarbonisation — driving long-term value creation, energy security, and sustainable growth for Oman.

Photo: https://mma.prnewswire.com/media/2847124/EDF_Power_JBB_Wind.jpg

 

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SOURCE EDF power solutions

DUBAI, UAE, Dec. 16, 2025 /PRNewswire/ — On the evening of December 14 local time, fireworks illuminated the Dubai night sky, casting a final glow over the venue as the 2025 Asian Youth Para Games drew to a close amid waves of applause. Serving as the event’s official and exclusive mobility partner, Chery applied its inclusive technological expertise to support the Games from start to finish, creating numerous memorable highlights. These ranged from the joint opening announcement by the AiMOGA robot Mornine and APC Chairman Mr. Mijad, to the groundbreaking robot-led award ceremonies; from pre-competition donations of sun protection gear to all athletes, to the continuous shuttle and escort services provided by the TIGGO family fleet throughout the event. Chery was fully committed to facilitating both the preparation and the successful execution of the Games. As Zhu Shaodong, Executive Vice President of Chery International, noted in his closing ceremony address: “Chery remains guided by the principle of ‘In somewhere, For somewhere, Be somewhere’ in contributing to global sustainable development. Supporting sports events as a way to give back to society is both an honor and a point of pride for Chery.”

In meeting its ESG commitments, Chery has established multiple world-class “green factories,” driving the ongoing transformation toward sustainable manufacturing. The company also collaborates with international organizations, including the International Union for Conservation of Nature (IUCN), to engage in ecological initiatives such as seagrass conservation. At the same time, Chery maintains a long-term commitment to the well-being of people with disabilities and children, having worked with UNICEF to support education for nearly 40 million children globally. Furthermore, Chery has proactively joined forces with the Kazakhstan National Paralympic Committee and the Asian Paralympic Committee to carry out various inclusive programs. During the Chery Brand User Summit in October 2025, Chery once again took the lead in forming the ESG Global Alliance, sharing sustainable development initiatives with its worldwide dealer network and extending responsible practices across the entire value chain.

As the Games draw to a close, Chery will forge ahead—with technology as its driving force and responsibility as its cornerstone—striving not only for commercial success but also to build a more inclusive and courageous future for society at large.

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SOURCE Chery Automobile Co., Ltd.

• Latest recognition brings Kia’s 2025 IIHS TSP+ total to five models

IRVINE, Calif., Dec. 16, 2025 /PRNewswire/ — The 2026 Kia Sorento has been awarded the Insurance Institute for Highway Safety’s (IIHS) highest safety rating, the 2025 TOP SAFETY PICK+ (TSP+) designation, for models built after September 2025. This award brings Kia’s total to five vehicles earning a TSP+ recognition in 2025, reflecting strong overall performance under the IIHS’s most rigorous testing protocols to date. The Kia models that have earned a 2025 IIHS TSP+ rating are:

• 2026 Sorento (models built after September 2025)
• 2026 Sportage (models built after May 2025)
• 2025 K4 (models built after January 2025)
• 2025 EV9
• 2025 Telluride

“Kia continues to raise the bar by delivering vehicles that combine performance, technology and safety,” said SeungKyu (Sean) Yoon, President and CEO of Kia North America and Kia America. “Under more stringent safety standards, five Kia models have earned IIHS’ top safety designation. These results reflect our focus on meeting safety criteria and offering our customers advanced safety features they value.”

To qualify for 2025 TOP SAFETY PICK+, a vehicle must earn good ratings in the small overlap front, updated moderate overlap front and updated side tests. It also must earn an acceptable or good rating for pedestrian front crash prevention and come with standard acceptable- or good-rated headlights across all trim levels. For more information on the changes to the award criteria, visit IIHS.org.

The 2026 Kia Sorento earned “Good” ratings for its standard front crash prevention systems for both vehicle-to-vehicle and pedestrians. The 2026 Sorento comes standard with Forward Collision-Avoidance Assist (FCA)¹, which is designed to detect pedestrians, cyclists in front of the vehicle, and oncoming vehicles while turning left at an intersection (FCA-JT), and can help prevent collisions with them under certain circumstances. 

The boldly designed SUV, available in gas, hybrid and PHEV variants, features an upscale interior and X-Pro variants that boast a more rugged appeal. For 2026, the Sorento comes standard with a new Terrain Mode on AWD²-equipped models.

Kia America – about us
Headquartered in Irvine, California, Kia America continues to top automotive quality surveys. Kia is recognized as one of the TIME World’s Most Sustainable Companies of 2024. Kia serves as the “Official Automotive Partner” of the NBA and WNBA and offers a range of gasoline, hybrid, plug-in hybrid, and electric vehicles sold through a network of nearly 800 dealers in the U.S., including several cars and SUVs proudly assembled in America*.

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert

* Select trims of the all-electric EV6 and EV9 all-electric three-row SUV, Sportage (excludes HEV and PHEV models), Sorento (excludes HEV and PHEV models), and Telluride are assembled in the United States from U.S. and globally sourced parts.

 

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SOURCE Kia America

• Latest recognition brings Kia’s 2025 IIHS TSP+ total to five models

IRVINE, Calif., Dec. 16, 2025 /PRNewswire/ — The 2026 Kia Sorento has been awarded the Insurance Institute for Highway Safety’s (IIHS) highest safety rating, the 2025 TOP SAFETY PICK+ (TSP+) designation, for models built after September 2025. This award brings Kia’s total to five vehicles earning a TSP+ recognition in 2025, reflecting strong overall performance under the IIHS’s most rigorous testing protocols to date. The Kia models that have earned a 2025 IIHS TSP+ rating are:

• 2026 Sorento (models built after September 2025)
• 2026 Sportage (models built after May 2025)
• 2025 K4 (models built after January 2025)
• 2025 EV9
• 2025 Telluride

“Kia continues to raise the bar by delivering vehicles that combine performance, technology and safety,” said SeungKyu (Sean) Yoon, President and CEO of Kia North America and Kia America. “Under more stringent safety standards, five Kia models have earned IIHS’ top safety designation. These results reflect our focus on meeting safety criteria and offering our customers advanced safety features they value.”

To qualify for 2025 TOP SAFETY PICK+, a vehicle must earn good ratings in the small overlap front, updated moderate overlap front and updated side tests. It also must earn an acceptable or good rating for pedestrian front crash prevention and come with standard acceptable- or good-rated headlights across all trim levels. For more information on the changes to the award criteria, visit IIHS.org.

The 2026 Kia Sorento earned “Good” ratings for its standard front crash prevention systems for both vehicle-to-vehicle and pedestrians. The 2026 Sorento comes standard with Forward Collision-Avoidance Assist (FCA)¹, which is designed to detect pedestrians, cyclists in front of the vehicle, and oncoming vehicles while turning left at an intersection (FCA-JT), and can help prevent collisions with them under certain circumstances. 

The boldly designed SUV, available in gas, hybrid and PHEV variants, features an upscale interior and X-Pro variants that boast a more rugged appeal. For 2026, the Sorento comes standard with a new Terrain Mode on AWD²-equipped models.

Kia America – about us
Headquartered in Irvine, California, Kia America continues to top automotive quality surveys. Kia is recognized as one of the TIME World’s Most Sustainable Companies of 2024. Kia serves as the “Official Automotive Partner” of the NBA and WNBA and offers a range of gasoline, hybrid, plug-in hybrid, and electric vehicles sold through a network of nearly 800 dealers in the U.S., including several cars and SUVs proudly assembled in America*.

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert

* Select trims of the all-electric EV6 and EV9 all-electric three-row SUV, Sportage (excludes HEV and PHEV models), Sorento (excludes HEV and PHEV models), and Telluride are assembled in the United States from U.S. and globally sourced parts.

 

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SOURCE Kia America

MEXICO CITY, Dec. 16, 2025 /PRNewswire/ — FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, announced the sale of 440,000 square feet in Juarez to an existing customer for US$19.8 million. These properties were previously part of the Terrafina portfolio and were subject to contractual purchase obligations under the lease.

“We are pleased to advance our disposition program with this sale and will continue our disciplined approach to portfolio optimization. We look forward to building on this momentum,” said Héctor Ibarzabal, CEO of FIBRA Prologis. 

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of September 30, 2025, FIBRA Prologis was comprised of 515 investment properties, totaling 87.0 million square feet (8.1 million square meters). This includes 348 logistics and manufacturing facilities in six industrial core markets in Mexico totaling 65.7 million square feet (6.1 million square meters) of gross leasable area.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (“FIBRA”) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the “Comisión Nacional Bancaria y de Valores” and  the Mexican Stock Exchange by FIBRA Prologis under the heading “Risk Factors.” FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

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SOURCE FIBRA Prologis

MEXICO CITY, Dec. 16, 2025 /PRNewswire/ — FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, announced the sale of 440,000 square feet in Juarez to an existing customer for US$19.8 million. These properties were previously part of the Terrafina portfolio and were subject to contractual purchase obligations under the lease.

“We are pleased to advance our disposition program with this sale and will continue our disciplined approach to portfolio optimization. We look forward to building on this momentum,” said Héctor Ibarzabal, CEO of FIBRA Prologis. 

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of September 30, 2025, FIBRA Prologis was comprised of 515 investment properties, totaling 87.0 million square feet (8.1 million square meters). This includes 348 logistics and manufacturing facilities in six industrial core markets in Mexico totaling 65.7 million square feet (6.1 million square meters) of gross leasable area.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (“FIBRA”) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the “Comisión Nacional Bancaria y de Valores” and  the Mexican Stock Exchange by FIBRA Prologis under the heading “Risk Factors.” FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

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SOURCE FIBRA Prologis

MEXICO CITY, Dec. 16, 2025 /PRNewswire/ — FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, announced the sale of 440,000 square feet in Juarez to an existing customer for US$19.8 million. These properties were previously part of the Terrafina portfolio and were subject to contractual purchase obligations under the lease.

“We are pleased to advance our disposition program with this sale and will continue our disciplined approach to portfolio optimization. We look forward to building on this momentum,” said Héctor Ibarzabal, CEO of FIBRA Prologis. 

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of September 30, 2025, FIBRA Prologis was comprised of 515 investment properties, totaling 87.0 million square feet (8.1 million square meters). This includes 348 logistics and manufacturing facilities in six industrial core markets in Mexico totaling 65.7 million square feet (6.1 million square meters) of gross leasable area.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (“FIBRA”) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the “Comisión Nacional Bancaria y de Valores” and  the Mexican Stock Exchange by FIBRA Prologis under the heading “Risk Factors.” FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

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SOURCE FIBRA Prologis

HAIFA, Israel, Dec. 16, 2025 /PRNewswire/ — ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) (“ZIM” or the “Company”) today announced that it has reached an agreement with a shareholder group led by Mor Gemel Pension Ltd., Reading Capital Ltd. and Sparta 24 Ltd. (the “Shareholder Group”) regarding the composition of the Company’s Board of Directors ahead of ZIM’s upcoming Annual and Extraordinary General Meeting of Shareholders scheduled to be held on December 26, 2025 (the “Annual Meeting”).

Pursuant to the agreement, the Shareholder Group has agreed to withdraw its proxy contest, and ZIM’s Board of Directors has approved a unified slate of ten director nominees to be presented to the shareholders at the Annual Meeting. The slate includes each of the Company’s incumbent directors, as well as Ron Hadassi and Ran Gritzerstein, who will be recommended by the Board for election. An updated notice for the Annual Meeting reflecting the full slate of ten nominees will be filed on the EDGAR system shortly.

In addition, Dr. Keren Bar-Hava (CPA) has withdrawn her candidacy for election as a director and has been appointed as an observer to the Board. The Shareholder Group has also withdrawn its previously issued position statement.

Each member of the Shareholder Group, which includes Israeli institutional and retail shareholders, publicly expresses full confidence in ZIM’s Board of Directors, strongly supports the Board’s ongoing strategic review, and endorses the election of all ten director nominees recommended by the Board. Each member of the Shareholder Group supports and is in favor of the Company’s slate at the Annual Meeting and encourages all ZIM shareholders to vote in favor of all the nominees.

Yair Seroussi, Chairman of ZIM’s Board of Directors, said: “This agreement reflects strong alignment between the Board and shareholders at a pivotal moment for the Company. With broad support for the full slate of directors, the Board can remain fully focused on completing its strategic review and maximizing value for all ZIM shareholders.”

ZIM’s Board remains committed to acting in the best interests of the Company and its shareholders and will continue to keep shareholders informed as the strategic review progresses. The Board unanimously recommends that shareholders vote FOR all ten director nominees.

Your Vote Matters

ZIM shareholders are encouraged to vote FOR all ten director nominees to support the Board’s full slate and ensure the uninterrupted completion of the Company’s strategic review. Shareholders who have already voted may change their vote by submitting a new proxy using their original control number.

If shareholders have questions or require assistance in voting their shares for the Meeting, please contact the Company’s proxy solicitor, Sodali & Co, at the following contact information:

Sodali & Co
Toll Free: (800) 662-5200
Brokers and Banks: (203) 658-9400
Email: ZIM@info.sodali.com 

About ZIM

Founded in Israel in 1945, ZIM is a leading global container liner shipping company with established operations in more than 90 countries serving approximately 33,000 customers in over 300 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers with innovative seaborne transportation and logistics services and exceptional customer experience. ZIM’s differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com.

Forward-Looking Statements

This press release contains, or may be deemed to contain, forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “proposed,” potential” or “continue,” the negative of these terms and other comparable terminology. These statements are only predictions based on the Company’s current expectations and projections about future events or results. There are important factors that could cause the Company’s actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include risks and uncertainties detailed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including under the caption “Risk Factors” in its 2024 Annual Report filed with the SEC on March 12, 2025. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company assumes no duty to update any of these forward-looking statements after the date hereof to conform its prior statements to actual results or revised expectations, except as otherwise required by law.

Investors:
Sodali & Co 
ZIM@info.sodali.com 

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View original content:https://www.prnewswire.com/news-releases/zim-announces-agreement-with-shareholder-group-302644018.html

SOURCE ZIM Integrated Shipping Services Ltd.

MONTREAL, Dec. 16, 2025 /PRNewswire/ – Ovivo Water Inc. (“Ovivo”), a global provider of water and wastewater treatment equipment, technology and systems and its shareholder SKion Water GmbH (“SKion Water”), are pleased to announce the successful completion of the sale of Ovivo’s Electronics division to Ecolab, a global sustainability leader offering water, hygiene and infection prevention solutions and services. As previously disclosed, the transaction is based on an enterprise valuation of approximately 2.4 billion Canadian dollars for the division.

This transaction marks a significant milestone in Ovivo’s history. It opens new perspectives and opportunities for the Electronics division within Ecolab’s global platform, while spearheading a new phase of growth for Ovivo focused on its three operational pillars: the Municipal/Industrial/PFAS division, the Energy division, and the Cembrane SiC membrane division.

“I want to sincerely thank all the employees of the Electronics division for their outstanding contributions throughout this remarkable growth journey over the past decade. Through teamwork and innovation, they have built world-class expertise and capabilities, establishing the division as one of the most recognized providers of ultra-pure water and wastewater systems servicing the global electronics industry. I am confident that, as part of Ecolab, they will continue to thrive and reach new heights. I wish them continued success in this exciting next chapter,” said Marc Barbeau, President and Chief Executive Officer of Ovivo.

“SKion Water continues to pursue its growth strategy, with Ovivo playing a key role within our portfolio. The next phase of Ovivo will be focused on accelerating both organic and inorganic growth across its Municipal, Energy, and Cembrane businesses, while expanding its industrial footprint in North America through strategic acquisitions in key sectors. In the coming months, we will also strengthen collaboration across the SKion Water portfolio and further integrate the corporate functions of SKion Water and Ovivo, enabling us to fully leverage our in-house expertise. Finally, I join Marc in expressing my heartfelt thanks to all the employees of the Electronics division for their dedication and contributions to this remarkable success over the years,” said Reinhard Huebner, CEO of SKion Water.

About Ovivo and SKion Water

Ovivo is a global provider of equipment, technology, and systems for purifying water and treating some of the most challenging wastewater in the industry. Ovivo is a powerful global brand with renowned trademarks, possessing more than 150 years of expertise and references in water treatment, supported by its proprietary products, advanced technologies, and extensive system integration knowhow. Ovivo delivers conventional to highly technological water treatment solutions for the industrial and municipal markets, and leverages its large installed base of equipment to offer parts and services to its customers. Ovivo is dedicated to innovation in an industry that is in constant evolution and offers water treatment solutions that are cost-effective, energy-efficient and environmentally sustainable.

Ovivo operates an integrated global platform and employs close to 700 experts in water treatment. Ovivo is owned by German SKion Water GmbH, a global technology and solutions provider, as well as plant manufacturer, in both municipal and industrial water and wastewater technology. SKion Water is a subsidiary of SKion GmbH, the investment holding company of the German entrepreneurial Klatten family.

www.ovivowater.com.

Follow us on LinkedIn @Ovivo and Facebook @Ovivo.

View original content:https://www.prnewswire.com/news-releases/ovivo-completes-the-sale-of-its-electronics-division-to-ecolab-and-starts-a-new-phase-of-growth-302643975.html

SOURCE Ovivo Inc.

MONTREAL, Dec. 16, 2025 /PRNewswire/ – Ovivo Water Inc. (“Ovivo”), a global provider of water and wastewater treatment equipment, technology and systems and its shareholder SKion Water GmbH (“SKion Water”), are pleased to announce the successful completion of the sale of Ovivo’s Electronics division to Ecolab, a global sustainability leader offering water, hygiene and infection prevention solutions and services. As previously disclosed, the transaction is based on an enterprise valuation of approximately 2.4 billion Canadian dollars for the division.

This transaction marks a significant milestone in Ovivo’s history. It opens new perspectives and opportunities for the Electronics division within Ecolab’s global platform, while spearheading a new phase of growth for Ovivo focused on its three operational pillars: the Municipal/Industrial/PFAS division, the Energy division, and the Cembrane SiC membrane division.

“I want to sincerely thank all the employees of the Electronics division for their outstanding contributions throughout this remarkable growth journey over the past decade. Through teamwork and innovation, they have built world-class expertise and capabilities, establishing the division as one of the most recognized providers of ultra-pure water and wastewater systems servicing the global electronics industry. I am confident that, as part of Ecolab, they will continue to thrive and reach new heights. I wish them continued success in this exciting next chapter,” said Marc Barbeau, President and Chief Executive Officer of Ovivo.

“SKion Water continues to pursue its growth strategy, with Ovivo playing a key role within our portfolio. The next phase of Ovivo will be focused on accelerating both organic and inorganic growth across its Municipal, Energy, and Cembrane businesses, while expanding its industrial footprint in North America through strategic acquisitions in key sectors. In the coming months, we will also strengthen collaboration across the SKion Water portfolio and further integrate the corporate functions of SKion Water and Ovivo, enabling us to fully leverage our in-house expertise. Finally, I join Marc in expressing my heartfelt thanks to all the employees of the Electronics division for their dedication and contributions to this remarkable success over the years,” said Reinhard Huebner, CEO of SKion Water.

About Ovivo and SKion Water

Ovivo is a global provider of equipment, technology, and systems for purifying water and treating some of the most challenging wastewater in the industry. Ovivo is a powerful global brand with renowned trademarks, possessing more than 150 years of expertise and references in water treatment, supported by its proprietary products, advanced technologies, and extensive system integration knowhow. Ovivo delivers conventional to highly technological water treatment solutions for the industrial and municipal markets, and leverages its large installed base of equipment to offer parts and services to its customers. Ovivo is dedicated to innovation in an industry that is in constant evolution and offers water treatment solutions that are cost-effective, energy-efficient and environmentally sustainable.

Ovivo operates an integrated global platform and employs close to 700 experts in water treatment. Ovivo is owned by German SKion Water GmbH, a global technology and solutions provider, as well as plant manufacturer, in both municipal and industrial water and wastewater technology. SKion Water is a subsidiary of SKion GmbH, the investment holding company of the German entrepreneurial Klatten family.

www.ovivowater.com.

Follow us on LinkedIn @Ovivo and Facebook @Ovivo.

View original content:https://www.prnewswire.com/news-releases/ovivo-completes-the-sale-of-its-electronics-division-to-ecolab-and-starts-a-new-phase-of-growth-302643975.html

SOURCE Ovivo Inc.