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Namibia’s largest private company, Ohlthaver & List Group, has expanded its operations into Europe. This was after the group set up a Germany-based O&L Europe unit which consists of already established O&L Nexentury (in energy development), O&L Immobilien (property development and investment), O&L Sustainable Finance (finance and investment), and future activities in the hospitality industry.
Namibia’s largest private company, Ohlthaver & List Group, has expanded its operations into Europe. This was after the group set up a Germany-based O&L Europe unit which consists of already established O&L Nexentury (in energy development), O&L Immobilien (property development and investment), O&L Sustainable Finance (finance and investment), and future activities in the hospitality industry.
The expansion of the business comes after Heineken NV offered to buy Ohlthaver & List Group of Companies (O&L)’s 50.01% stake in NBL Investment Holdings (Proprietary) Limited (NBLIH), the controlling shareholder with a 59.4% shareholding in Namibian Breweries Limited.O&L has been linked to plans to build a floating solar plant in Bruchsal, Germany as the company makes inroads in the renewable energy space and last year announced a partnership with CMB.TECH to build Namibia’s first green hydrogen production plant in the Erongo region at a cost of N$270.7 million. Sustainability is the strategic key with which the company intended to address the market and unlock its success. O&L’s European business model provides complete renewable energy infrastructure, real estate and hospitality asset development services, and strategic capital to address Germany and Europe’s most pressing energy and sustainability challenges.
An investment of this nature grants the Group greater resilience to external shocks and contributes to a more stable environment wherein the existing businesses can thrive. Establishing relationships, strengthening capabilities, and expanding the footprint beyond the borders creates greater opportunities, not only for the Group but for the people and the country stated Sven Thieme, O&L Group Executive Chairman.This is a truly historical opportunity for the O&L Group to leverage the enormous growth potential of the German market and to set the stage for future expansion. O&L with its century-long history stands for continuity and sustainability, which will provide positive leverage to expand to the new European businesses said Kammerer, head of O&L Europe.
Read Also:
https://trendsnafrica.com/green-hydrogen-initiatives-namibian-south-african-collaboration-on-cards/
https://trendsnafrica.com/n9-billion-eu-development-assistance-to-namibia/
O&L has business interests in food production, fishing, beverages, farming, retail trade, information technology, property leasing and development, renewable power generation, marine engineering, steel retailing, advertising, and the leisure and hospitality industry.
