Independent Investment Research, The IDEA!

The IDEA!

Independent Investment Research

The Idea-Driven Equities Analyses company (the IDEA!) is an employee-owned boutique providing independent investment research and financial consultancy services with a clear focus on the Benelux countries. The company was founded in the summer of 2007 by Henk Slotboom and Maarten Verbeek, both with more than 35 years of professional experience in the financial sector. The IDEA! differentiates itself by focusing on adding value through self-initiated in-depth, idea-driven investment research, as well as by bespoke research assignments for institutional investors, hedge funds and private equity. In addition, we provide market intelligence, strategic research and – together with our business partners – consultancy services to businesses. In case you are interested in receiving more information, a sample of our products or an introductory meeting, please send a message to info@theidea.nl.

Thematic (Sector/Industry)

<ul>
<li>Outgoing Minister of Social Affairs Mariëlle Paul has decided that grocery delivery company Picnic, along with other e-commerce firms like Flink, will remain exempt from the collective labor agreement (CLA) for supermarkets.</li>
<li>This exemption, long contested in court, is crucial for Picnic. According to Picnic CEO Michiel Muller, applying the supermarket CAO would raise labor costs by around 40%, since his company does not rely heavily on lower-paid young workers, unlike traditional supermarkets.</li>
<li>Muller had even suggested that Picnic might leave the Netherlands without this dispensation.</li>
</ul>


Outgoing Minister of Social Affairs Mariëlle Paul has decided that grocery delivery company Picnic, along with other e-commerce firms like Flink, will remain exempt from the collective labor agreement (CLA) for supermarkets.
This exemption, long contested in court, is crucial for Picnic. According to Picnic CEO Michiel Muller, applying the supermarket CAO would raise labor costs by around 40%, since his company does not rely heavily on lower-paid young workers, unlike traditional supermarkets.
Muller had even suggested that Picnic might leave the Netherlands without this dispensation.


<ul>
<li>Vopak | Vopak Terquimsa divests Barcelona terminal Vopak Terquimsa, (a joint venture in which Vopak has a 50% share) has divested its Barcelona terminal to Tradebe Port Services.</li>
<li>The Barcelona terminal is mainly used for the storage of petroleum products, chemicals and vegetable oils.</li>
<li>The Barcelona terminal is for Vopak less strategically attractive, Vopak remains a 50% shareholder in Vopak Terquimsa Tarragona, this terminal is located within the industrial cluster of Tarragona, Spain.</li>
</ul>


Vopak | Vopak Terquimsa divests Barcelona terminal Vopak Terquimsa, (a joint venture in which Vopak has a 50% share) has divested its Barcelona terminal to Tradebe Port Services.
The Barcelona terminal is mainly used for the storage of petroleum products, chemicals and vegetable oils.
The Barcelona terminal is for Vopak less strategically attractive, Vopak remains a 50% shareholder in Vopak Terquimsa Tarragona, this terminal is located within the industrial cluster of Tarragona, Spain.


What's News in Amsterdam - 8 September (Vopak | PostNL | TomTom | Dutch politics | Corporate agenda)

<ul>
<li>Ahold Delhaize | expands collaboration with Instacart Supermarket News reports that Ahold Delhaize USA is expanding its partnership with Instacart by adopting the FoodStorm order management system across select banners, including Food Lion, Giant and Martin’s.</li>
<li>The platform streamlines ordering for made-to-order items such as bakery platters, deli trays, desserts, and floral arrangements, offering customers flexible options to order online, by phone, or in-store.</li>
<li>FoodStorm’s self-service tools and purchase history access improve convenience and personalization, while creating efficiencies for store teams.</li>
</ul>


Ahold Delhaize | expands collaboration with Instacart Supermarket News reports that Ahold Delhaize USA is expanding its partnership with Instacart by adopting the FoodStorm order management system across select banners, including Food Lion, Giant and Martin’s.
The platform streamlines ordering for made-to-order items such as bakery platters, deli trays, desserts, and floral arrangements, offering customers flexible options to order online, by phone, or in-store.
FoodStorm’s self-service tools and purchase history access improve convenience and personalization, while creating efficiencies for store teams.


What's New(S) In Amsterdam - 29 August (Ahold Delhaize | BAM Group | VLK | PostNL | Sif Holding)

Equity Bottom-Up

<ul><li>In this edition: • Heineken | reported to be in talks on buying 300 Stonegate pubs for GBP 300m • Heijmans | largest shareholder to sell its stake • Dutch online spending | growth stalls as mix shifts toward lower-value transactions • Dutch consumer confidence | modest improvement in September but still deeply negative • E-commerce & Logistics | EUR 2 handling charge on all non-EU e-commerce imports</li></ul>

In this edition: • Heineken | reported to be in talks on buying 300 Stonegate pubs for GBP 300m • Heijmans | largest shareholder to sell its stake • Dutch online spending | growth stalls as mix shifts toward lower-value transactions • Dutch consumer confidence | modest improvement in September but still deeply negative • E-commerce & Logistics | EUR 2 handling charge on all non-EU e-commerce imports

Sligro Food Group NV - What's News in Amsterdam

<ul>
<li>According to an article in the La Lettre website, Ahold Delhaize entered preliminary discussions to acquire all or part of French supermarket chain Carrefour at the end of 2024.</li>
<li>However, talks ended in January 2025 without a deal.</li>
<li>Ahold Delhaize, with a 2024 turnover of EUR 89.4bn and strong U.S. operations, sought expansion into the French market and saw potential synergies, particularly in private-label products and Carrefour’s Brazilian assets. </li>
</ul>


According to an article in the La Lettre website, Ahold Delhaize entered preliminary discussions to acquire all or part of French supermarket chain Carrefour at the end of 2024.
However, talks ended in January 2025 without a deal.
Ahold Delhaize, with a 2024 turnover of EUR 89.4bn and strong U.S. operations, sought expansion into the French market and saw potential synergies, particularly in private-label products and Carrefour’s Brazilian assets. 


What's News in Amsterdam - 26 May (Ahold Delhaize | Heineken | PostNL)

Netherlands

PostNL NV collects, transports, stores, sorts, and distributes letters, printed matter, parcels, documents, and freight items.  The Company provides mail and logistics services domestically and internationally.

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PostNL NV (PNL NA)

What's New(s) in Amsterdam

Outgoing Minister of Social Affairs Mariëlle Paul has decided that grocery delivery company Picnic, along with other e-commerce firms like Flink,...

The IDEA!

What's News in Amsterdam - 8 September (Vopak | PostNL | TomTom | Dutch politics | Corporate agenda)

Vopak will report an exceptional gain in the third quarter of 2025. The impact of this divestment is not material for Vopak's 2025 outlook.

The IDEA!

What's New(S) In Amsterdam - 29 August (Ahold Delhaize | BAM Group | VLK | PostNL | Sif Holding)

FoodStorm’s self-service tools and purchase history access improve convenience and personalization, while creating efficiencies for store teams.

The IDEA!

Sligro Food Group NV - What's News in Amsterdam

In this edition: • Heineken | reported to be in talks on buying 300 Stonegate pubs for GBP 300m • Heijmans | largest shareholder to sell its...

The IDEA!

What's News in Amsterdam - 26 May (Ahold Delhaize | Heineken | PostNL)

According to an article in the La Lettre website, Ahold Delhaize entered preliminary discussions to acquire all or part of French supermarket chain...

The IDEA!

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52-week Range

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