11:43 PM EDT, 07/29/2026 (MT Newswires) -- Moody's Ratings maintained Warehouses De Pauw's (WDP.BR) A3 long-term issuer rating, with a stable outlook, after French logistics-focused real estate investment trust Argan (ARG.PA) agreed to merge into the company. Expected to close in the first quarter of 2027, the acquisition will establish one of the largest listed logistics real estate platforms in Europe and improve the business profile of the combined entity, the rating agency said Wednesday. The decision also takes into account the Brussels-listed logistics properties developer's solid financials, the strength of the European logistics sector, and the expectation that leverage will stay within the rating agency's requirements post-merger.

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