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Category: Canada

  • MIL-OSI Security: Southend — Southend RCMP investigating fatal collision

    Source: Royal Canadian Mounted Police

    On February 25, 2025 at approximately 9:25 a.m., Southend RCMP received a report of a two-vehicle collision on Highway #102, approximately seven kilometers outside of Southend, SK.

    Officers responded along with local medical personnel. Investigation determined a truck and semi collided. An occupant of the truck was declared deceased at the scene. He has been identified as a 31-year-old male from Southend, SK. His family has been notified.

    Two other adult male occupants in the truck were taken to a medical clinic for treatment of their injuries. Their injuries were described to police as non-life threatening.

    The driver of the semi did not report injuries to police.

    Southend RCMP continue to investigate with the assistance of a Saskatchewan RCMP collision reconstructionist.

    MIL Security OSI –

    February 27, 2025
  • MIL-OSI Security: New Jersey Man Sentenced to 3 Years for Alien Smuggling

    Source: Office of United States Attorneys

    ALBANY, NEW YORK – Kenneth Moore, age 42, of New Jersey, was sentenced yesterday to serve 3 years in prison after being convicted at trial of two counts of alien smuggling for private financial gain. Acting United States Attorney Daniel Hanlon and Chief Patrol Agent Robert N. Garcia, United States Border Patrol, Swanton Sector, made the announcement.

    At trial in October 2024, the government established that on June 20, 2023, Moore traveled from New Jersey to an area just south of the border in Clinton County, New York, to pick up several aliens who had illegally crossed into the United States at a place other than a Port of Entry. Moore anticipated being paid $3,000 for his services but was quickly apprehended by agents from the United States Border Patrol.

    Jurors could not reach a verdict on one count of conspiracy to commit alien smuggling, and that count was dismissed at sentencing.

    In addition to the 36-month prison term, Moore was sentenced to a 3-year term of supervised release.

    United States Border Patrol investigated this case with assistance from the Royal Canadian Mounted Police.  Assistant U.S. Attorneys Allen J. Vickey and Joseph S. Hartunian prosecuted this case.

    MIL Security OSI –

    February 27, 2025
  • MIL-OSI: Partners Value Split Corp. Increases Size of Public Offering of Class AA Preferred Shares, Series 15 to $200 Million

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

    TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) — Partners Value Split Corp. (the “Company”) announced today that as a result of strong investor demand for its previously announced offering, it has agreed to increase the size of the offering and sell 8,000,000 Class AA Preferred Shares, Series 15 (the “Series 15 Preferred Shares”) to a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets and TD Securities Inc. on a bought deal basis.

    The Series 15 Preferred Shares will be issued at a price of $25.00 per share, for gross proceeds of $200,000,000. The Series 15 Preferred Shares will carry a fixed coupon of 5.15% and will have a final maturity of March 31, 2031. The Series 15 Preferred Shares have a provisional rating of Pfd-2 from DBRS Limited. The net proceeds of the offering will be used by the Company to pay a special dividend on the Company’s capital shares.

    Closing of the offering is expected to occur on or about March 5, 2025.

    The Company owns a portfolio consisting of approximately 119 million Class A Limited Voting Shares of Brookfield Corporation and approximately 30 million Class A Limited Voting Shares of Brookfield Asset Management Ltd. (collectively, the “Brookfield Securities”), which are expected to yield quarterly dividends that are sufficient to fund quarterly fixed cumulative preferential dividends for the holders of the Company’s preferred shares and to enable the holders of the Company’s capital shares to participate in any capital appreciation of the Brookfield Securities.

    Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. Brookfield Corporation has three core businesses: alternative asset management, wealth solutions, and its operating businesses which are in renewable power, infrastructure, business and industrial services, and real estate. Brookfield Corporation is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BN.

    Brookfield Asset Management Ltd. (“BAM”) is a leading global alternative asset manager with over US$1 trillion of assets under management across renewable power & transition, infrastructure, private equity, real estate, and credit. BAM’s objective is to generate attractive, long-term risk-adjusted returns for the benefit of its clients and shareholders. BAM is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BAM.

    Jason Weckwerth, Chief Financial Officer, will be available at (416) 363-9491 to answer any questions regarding the offering.

    This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and regulations. The words “expected”, “will”, “agreed” and “enable” and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters or identify forward-looking information. Forward-looking information in this news release includes statements with regard to the provisional rating on the Series 15 Preferred Shares, which is not a final rating, the use of proceeds of the offering and quarterly dividends from the Company’s portfolio of Brookfield Securities which are expected to fund quarterly fixed cumulative preferential dividends for holders of the Company’s preferred shares and to enable holders of its capital shares to participate in any capital appreciation of the Brookfield Securities. Although the Company believes that the anticipated future results or achievements expressed or implied by the forward-looking information and statements are based upon reasonable assumptions and expectations, the reader should not place undue reliance on the forward-looking information and statements because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking information and statements. Factors that could cause actual results to differ materially from those contemplated or implied by the forward-looking information and statements include: the behaviour of financial markets, including fluctuations in interest and exchange rates, availability of equity and debt financing and other risks and factors detailed from time to time in the Company’s other documents filed with the Canadian securities regulators. We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking information to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as may be required by law, the Company undertakes no obligation to publicly update or revise any forward-looking information or statements, whether written or oral, that may be as a result of new information, future events or otherwise. Reference should be made to the Company’s short form base shelf prospectus dated September 19, 2024 for a description of the major risk factors.

    The MIL Network –

    February 27, 2025
  • MIL-OSI: Ninepoint Partners Announces First Closing of Ninepoint 2025 Flow-Through Limited Partnership

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2025 Flow-Through Limited Partnership (the “Partnership”) has completed the first closing in connection with its offering of Class A and Class F limited partnership units (the “Units”) pursuant to a prospectus dated January 30, 2025. The Partnership issued 863,072 Units for aggregate gross proceeds of $21,576,800. The Partnership will have a second closing in respect of the Units on or about April 3, 2025. The Units are being offered at a price per Unit of $25.00 with a minimum subscription of 100 Units ($2,500).

    The Partnership intends to provide liquidity to limited partners through a roll-over to the Ninepoint Resource Fund Class in the period between January 15, 2027 to February 28, 2027.

    Investment Objective of the Partnership
    The Partnership’s investment objective is to achieve capital appreciation and significant tax benefits for limited partners by investing in a diversified portfolio of Flow-Through Shares (as defined in the Prospectus) and other securities, if any, of Resource Issuers (as defined in the Prospectus).

    Attractive Tax-Reduction Benefits
    Flow-through partnerships are one of the most effective tax reduction strategies available to Canadians. Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.

    Resource Expertise
    The Partnership will be sub-advised by Sprott Asset Management LP (“Sprott”), one of Canada’s leading investment advisors in small and mid-cap resource companies. Over its long history of investing in the resource sector, Sprott has developed relationships with hundreds of companies. Its experienced team of portfolio managers is supported by a team of technical experts with extensive backgrounds in mining and geology.

    Portfolio manager Jason Mayer will manage the portfolio of the Partnership and will be supported by Sprott’s broader team of experienced resource investment professionals.

    Agents
    The offering is being made through a syndicate of agents led by RBC Dominion Securities Inc. which includes CIBC World Markets Inc., TD Securities Inc., National Bank Financial Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., Manulife Wealth Inc., iA Private Wealth Inc., Raymond James Ltd., Richardson Wealth Limited, Canaccord Genuity Corp., Desjardins Securities Inc., Ventum Financial Corp. and Wellington-Altus Private Wealth Inc.

    About Ninepoint Partners LP
    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

    For more information on Ninepoint Partners LP, please visit www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expects”, “intends”, “anticipates”, “will” and similar expressions to the extent that they relate to the Partnership. The forward-looking statements are not historical facts but reflect the Partnership’s, Ninepoint’s and Sprott’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Partnership, Ninepoint and Sprott believe the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Neither the Partnership, nor Ninepoint or Sprott undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

    This offering is only made by prospectus. The Partnership’s prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from one of the dealers noted above. Investors should read the prospectus before making an investment decision.

    The MIL Network –

    February 27, 2025
  • MIL-OSI Canada: Coordinating law enforcement to fight fentanyl

    [. A more unified response among law enforcement agencies is crucial to effectively and efficiently addressing the fentanyl crisis and its devastating effects on Albertans.

    At the request of the provincial government, more than 800 community peace officers from 34 large- and mid-sized municipalities will immediately begin coordinating operations with local police to more effectively combat social disorder stemming from the use of illicit drugs, including deadly fentanyl.

    “We know a law enforcement presence will make a difference. Fentanyl continues to endanger the lives of Albertans and is devastating to families and communities. Crisis demands immediate and unified action. By aligning the efforts of community peace officers and local police, we are ensuring a coordinated, team response to combat the illicit drug trade to improve public safety. When community peace officers and local police work together in integrated street patrols, we create a visible and unified front against crime.”

    Mike Ellis, Minister of Public Safety and Emergency Services

    “It takes a team effort to tackle the fentanyl crisis. Every level of government has a role to play. Working together with our municipal partners will ensure we can address this crisis, improve public safety for Albertans and combat fentanyl, which has destroyed families and livelihoods.”

    Ric McIver, Minister of Municipal Affairs

    Unifying the operational command of community peace officers under the leadership of municipal police services and the RCMP in the fight against fentanyl will make strides towards safer Alberta communities. Additionally, an increase in law enforcement boots on the ground on Alberta streets will create the operational consistency needed to more effectively combat illicit drugs, crime and social disorder. Closer operational alignment between police and community peace officers is a key part of the Alberta government’s approach to confronting urgent public safety issues with strong, cohesive law enforcement across all Alberta municipalities.

    This measure is in response to the province stepping up to work collaboratively across all levels of government to address concerns around fentanyl trafficking and border security. Given the complexity and severity of these issues, municipalities have been asked to implement operational alignment to their community peace officer programs immediately. Alberta’s government appreciates the support of municipalities to tackle these growing concerns together through swift and collaborative action.

    “Tackling the fentanyl crisis is critical for supporting healthy communities, and for defending Canada’s economic interests during tariff negotiations. Edmonton has been building a collaborative public safety environment for a long time, and we will continue to look for opportunities to collaborate to keep our city safe.”

    Amarjeet Sohi, mayor, City of Edmonton

    “Calgary is fully aligned with the province in tackling the complex and devastating drug crisis, and we have led the way with a strong, unified response for the last several years. We recognize the severity of this issue and the critical need for continued collaboration and coordination between Calgary Police Service and our Community Peace Officers. Our integrated approach has amplified our collective impact on public safety.”

    Jyoti Gondek, mayor, City of Calgary

    Visible officer presence matters and by having community peace officers and municipal police work together in integrated operations, Alberta’s government is bolstering the law enforcement presence that effectively deters criminals and illegal activity. When community peace officers and municipal police work together in integrated street patrols, it will create a visible and unified front against crime.

    “The Alberta Association of Chiefs of Police (AACP) reaffirms its unwavering commitment to collaborating with the Province of Alberta to aggressively address the urgent challenges related to fentanyl use/trafficking, including the increased crime and disorder associated with it. The AACP supports strong collaboration and cooperation between the police of jurisdiction and municipal peace officers in an integrated response to public safety concerns. The AACP remains steadfast in its commitment to working together on pressing public safety issues.”

    Mark Neufeld, chief, Alberta Association of Chiefs of Police

    “Alberta Municipalities is pleased to work with the provincial government on this important initiative. Our member communities welcome the opportunity to contribute to a unified approach to tackling drug trafficking and drug use.”

    Tyler Gandum, president, Alberta Municipalities

    “Alberta’s mid-sized cities are proud to participate in this joint effort. By enhancing law enforcement coordination, we are confident we will create a more effective system that keeps our communities and citizens safe while making real progress on reducing crime and social disorder. We thank the Government of Alberta for working side-by-side with municipalities and ensuring close collaboration on the issues that matter most to our residents.”

    Jeff Genung, chair, Mid-sized Cities Mayor’s Caucus

    The province will monitor the effectiveness of these changes in improving public safety to ensure the best path forward.

    Quick facts:

    • In mid-February, the minister of public safety and emergency services sent formal letters to 34 municipalities requesting that they immediately begin working with police leadership to align or unify the operational command of their community peace officer programs under the leadership of their police of jurisdiction.
    • Municipalities were requested to implement these changes by Feb. 24, 2025.
    • There are currently 806 peace officers employed in large and mid-sized municipalities across Alberta.

    Multimedia

    • Watch the news conference

    MIL OSI Canada News –

    February 27, 2025
  • MIL-OSI Asia-Pac: Mahakumbh 2025: A Spectacle of Faith, Unity, and Tradition

    Source: Government of India

    Categories24-7, Asia Pacific, Government of India, India, MIL OSI

    Post navigation

    Ministry of Information & Broadcasting

    Mahakumbh 2025: A Spectacle of Faith, Unity, and Tradition

    As the sacred waters settle, the echoes of devotion and grandeur leave an everlasting imprint on history

    Posted On: 26 FEB 2025 7:22PM by PIB Delhi

    Introduction

    In a world marked by the hustle of modernity, few events hold the power to bring millions together in pursuit of something greater than themselves. The Maha Kumbh Mela, currently being held from 13 January 2025 to 26 February 2025, is a sacred pilgrimage that is celebrated four times over a course of 12 years. Kumbh Mela, the world’s largest peaceful gathering, draws millions of pilgrims who bathe in sacred rivers seeking to purify themselves from sins and attain spiritual liberation. The Maha Kumbh Mela is deeply embedded in Hindu mythology and represents one of the most significant gatherings of faith in the world. This sacred event rotates between four locations in India-Haridwar, Ujjain, Nashik, and Prayagraj– each situated by a holy river, from the Ganges to the Shipra, the Godavari, and the confluence of the Ganges, Yamuna, and the mythical Sarasvati in Prayagraj. The expected turnout of 45 crore devotees in 45 days was exceeded within a month, reaching 66 crores+ by the concluding day.

    Attractions of Kumbh Mela 2025

    • Triveni Sangam: The sacred confluence of the Ganga, Yamuna, and Saraswati, offering a deeply spiritual experience.
    • Ancient Temples: Hanuman Mandir, Alopi Devi Mandir, and Mankameshwar Temple, showcasing the city’s religious heritage.
    • Historical Landmarks: Ashoka Pillar, University of Allahabad, and Swaraj Bhawan, reflecting India’s rich history and colonial-era architecture.
    • Cultural Vibrance: Bustling streets, markets, local art, and cuisine providing a glimpse into the city’s life.
    • Kalagram: Kalagram, set up by the Ministry of Culture in Sector-7 of the Maha Kumbh district, is a vibrant cultural village showcasing India’s rich heritage. Designed around the themes of Craft, Cuisines, and Culture, it offered an immersive experience through performances, exhibitions, and interactive zones.
    • Akhara Camps: Spiritual hubs where sadhus and seekers engaged in meditation, discussions, and philosophical exchanges.
    • Immersive Digital Experiences: Inspired by Kumbh 2019, ten stalls facilitating the pilgrims with this experience were specially set up at prime locations in the Kumbh Mela to show videos of major events such as Peshwai, auspicious bathing days, Ganga aarti, etc.
    • Drone Show: A Grand Drone show was organised by the Uttar Pradesh Tourism Department featuring hundreds of drones creating vibrant shapes in the sky. Devotees were mesmerized by the divine depiction of the Samudra Manthan (churning of the ocean) and Gods drinking from the Amrit Kalash.
    • Cultural events at the Ganga Pandal: It saw renowned artists from across the country mesmerize devotees with grand presentations of music, dance, and art from 7th – 10th February. The main highlights of the event included performances by famous artists like Odissi dancer Dona Ganguly on 7th; renowned singer Kavita Krishnamurti and Dr. L. Subramaniam on 8th; Suresh Wadkar and Sonal Mansingh on 9th; and, on 10th, celebrated singer Hariharan. In addition, prominent artists from various Indian classical dance and music traditions made the evening musical and grand.
    • International Bird Festival: Held from February 16-18, 2025, showcasing over 200 migratory and local birds, including endangered species.

    Key Rituals and Practices

    • Shahi Snan: The most significant ritual, where millions bathe at Triveni Sangam to cleanse sins and attain Moksha. Special dates like Paush Purnima and Makar Sankranti witness grand processions of saints and Akharas, marking the official start of the Maha Kumbh.
    • Ganga Aarti: A visually stunning ritual where priests offer glowing lamps to the sacred river, evoking devotion.
    • Kalpavas: A month-long period of spiritual discipline where devotees renounce comforts, engage in meditation, and participate in Vedic rituals like Yajnas and Homas.
    • Prayers & Offerings: Dev Pujan honors deities, while rituals like Shraadh (ancestral offerings) and Veeni Daan (offering hair to the Ganges) symbolize surrender and purification. Acts of charity, such as Gau Daan (cow donation) and Vastra Daan (clothing donation), hold great merit.
    • Deep Daan: Thousands of lamps are floated on the river, creating a celestial glow that symbolizes devotion and divine blessings.
    • Prayagraj Panchkoshi Parikrama: A sacred journey around Prayagraj’s holy sites, reviving an ancient tradition and offering spiritual fulfillment.

     

    History and Major Bathing Dates

     

    The origins of the Kumbh Mela are rooted in Hindu mythology. According to the Samudra Manthan (churning of the ocean) story in the ancient Hindu scriptures, the gods (Devas) and demons (Asuras) fought over the Amrit (nectar of immortality). During this celestial battle, drops of the nectar fell at four locations—Prayagraj, Haridwar, Ujjain, and Nashik—where the Kumbh Mela is now held, with the Maha Kumbh occurring once every 144 years at Prayagraj.  Historically, the Maha Kumbh Mela has been referenced since ancient times, with records dating back to the Maurya and Gupta periods. It received royal patronage from various dynasties, including the Mughals, and was documented by colonial administrators like James Prinsep. Over centuries, it evolved into a global spiritual and cultural phenomenon. Recognized by UNESCO as an intangible cultural heritage, the Kumbh Mela symbolizes India’s enduring traditions, fostering unity, spirituality, and cultural exchange among millions worldwide.

    The timing of each Kumbh Mela is determined by the astrological positions of the Sun, Moon, and Jupiter, believed to signal an auspicious period for spiritual cleansing and self-enlightenment. The festival embodies a confluence of faith, culture, and tradition, attracting ascetics, seekers, and devotees alike. The event’s grandeur is marked by Shahi Snans (bathing rituals), spiritual discourses, and vibrant cultural processions that reflect India’s deep spiritual heritage.

     

    Major bathing dates are:

    Date

    Bathing Occasion

    Significance

    Number of Devotees taking a dip

    (Approx.)

    January 13, 2025

    Paush Purnima

    It serves as an unofficial inauguration of the Maha Kumbh Mela, signifying the commencement of this grand event. Additionally, Paush Purnima marks the initiation of Kalpvasa, a period of intense spiritual practice and devotion observed by pilgrims during the Maha Kumbh Mela.

    1.5 crore

    January 14, 2025

    Makar Sankranti

    (First Shahi Snan)

    Makar Sankranti signifies the sun’s transition to its next astronomical position in accordance with the Hindu calendar. This auspicious day marks the initiation of charitable donations at the Maha Kumbh Mela. Pilgrims traditionally make contributions based on their own volition and generosity.

    3.5 crore

    January 29, 2025

    Mauni Amavasya

    (Second Shahi Snan)

    Mauni Amavasya is a day steeped in significance, as it is believed that the celestial alignments are most propitious for the sacred act of bathing in the holy river. It commemorates a profound event when Rishabh Dev, revered as one of the first sages, broke his protracted vow of silence and immersed himself in the purifying waters of the Sangam. As a result, Mauni Amavasya draws the largest congregation of pilgrims to the Kumbh Mela, making it a momentous day of spiritual devotion and purification.

    5 crore

    February 3, 2025

    Basant Panchami

    (Third Shahi Snan)

    Basant Panchami symbolizes the transition of seasons and celebrates the arrival of the Goddess of Knowledge, Saraswati, in Hindu mythology.

    2.33 crore

    February 12, 2025

    Maghi Purnima

    Maghi Purnima is renowned for its connection with the veneration of Guru Brahaspati and the belief that the Hindu deity Gandharva descends from the heavens to the sacred Sangam.

    2 crore

    February 26, 2025

    Maha Shivratri

    Maha Shivaratri holds deep symbolism as it marks the final holy bath of the Kalpvasis, and it is intrinsically connected to Lord Shankar.

    1.3 crore

     

    Key Infrastructure Development

     

    • Temporary City Setup: Maha Kumbh Nagar had been transformed into a temporary city with thousands of tents and shelters, including super deluxe accommodations like the IRCTC’s “Maha Kumbh Gram” luxury tent city which offers deluxe tents and villas with modern amenities.
    • Roads and Bridges:
    • Renovation of 92 roads and beautification of 17 major roads
    • Construction of 30 pontoon bridges using 3,308 pontoons.
    • Signage for Navigation: A total of 800 multi-language signages (Hindi, English, and regional languages) were installed to guide visitors.
    • Public Utilities: Over 2,69,000 checkered plates had been laid for pathways. Mobile toilets and robust waste management systems ensured hygiene.

     

    Medical Facilities at Maha Kumbh

     

    The Maha Kumbh 2025 witnessed an extensive medical setup to ensure the well-being of millions of devotees. With over 2,000 medical personnel deployed across the Mela area, the Uttar Pradesh government implemented high-tech healthcare services in every sector. From minor treatments to major surgeries, all medical needs were addressed efficiently.

     

    Key Medical Arrangements:

    • Central Hospital at Parade Ground:
      • 100-bed capacity
      • OPD, ICU, and emergency care
      • Conducted over 10,000 treatments and multiple successful deliveries
    • Additional Hospitals:
      • 23 hospitals with a total capacity of 360 beds
      • Two sub-central hospitals (25 beds each)
      • Eight sector hospitals (20 beds each)
      • Two infectious disease hospitals (20 beds each)
    • Medical Services Expansion During Amrit Snan & Magh Purnima:
      • 133 ambulances deployed, including seven river ambulances and one air ambulance
      • Medical Observation Rooms at key railway stations for emergencies
      • First aid posts with trained staff at multiple locations
    • SRN Hospital and Other City Hospitals on High Alert:
      • 250 beds reserved at SRN Hospital
      • Blood bank stocked with 200 units
      • Swaroop Rani Nehru Hospital prepared with:
        • 40-bed trauma center
        • 50-bed surgical ICU
        • 50-bed medicine ward
        • 10-bed cardiology ward and ICU
    • Medical Teams and Emergency Readiness:
      • 300 specialist doctors deployed at the Super Specialty Hospital
      • Expert doctors from AIIMS Delhi and BHU remained on high alert
      • 150 AYUSH medical personnel provided alternative treatments
    • Advanced Facilities and AI Integration:
      • ECG services and Central Pathology Lab conducting 100+ tests daily
      • 50+ free diagnostic tests available for pilgrims
      • AI-driven translation technology enabled doctors to communicate in 22 regional and 19 international languages
    • Affordable Medicines through Jan Aushadhi Kendras:
    • Five Jan Aushadhi Kendras set up in Mahakumbh Nagar, including one in Kalagram
    • Established under Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP)
    • Provided affordable and quality medicines to pilgrims throughout the Mela
    • Part of a nationwide network of 15,000+ Jan Aushadhi centers, with 62 centers in Prayagraj
    • Contributed to the national target of ₹2,000 crore in medicine sales, with ₹1,500 crore already achieved.

     

    The entire medical infrastructure was continuously monitored by senior officials to ensure smooth operations, cleanliness, and quick emergency responses. These arrangements played a crucial role in managing the healthcare needs of millions at the Maha Kumbh 2025.

     

    AYUSH at Maha Kumbh

     

    The Ayush OPDs, clinics, stalls, and wellness sessions emerged as major attractions for devotees and visitors at Maha Kumbh 2025, Prayagraj. The Ministry of Ayush, in collaboration with the National Ayush Mission, Uttar Pradesh, provided free healthcare services to both domestic and international pilgrims. With a strong focus on traditional healing systems, Ayush services received widespread participation, reinforcing the global trust in Ayurveda, Homeopathy, and Naturopathy.

     

    Key Highlights of Ayush Services:

    1. Extensive Healthcare Support: Over 1.21 lakh devotees availed Ayush services during the festival.
    2. Dedicated Ayush OPDs: A team of 80 doctors across 20 OPDs provided 24×7 medical services, addressing both common and chronic conditions.
    3. International Participation: Foreign devotees also accessed Ayush OPD consultations and wellness therapies.
    4. Yoga Therapy Sessions: Daily therapeutic yoga sessions were conducted from 8:00 AM to 9:00 AM at designated camps in the Sangam area and Sector-8, led by experts from the Morarji Desai National Institute of Yoga (MDNIY), New Delhi.
    5. Integrated Healthcare: Over 7 lakh pilgrims received medical care, including:
      • 4.5 lakh treated at 23 allopathic hospitals
      • 3.71 lakh pathology tests conducted
      • 3,800 minor and 12 major surgeries successfully performed
    6. Specialist Involvement: Experts from AIIMS Delhi, IMS BHU, and international specialists from Canada, Germany, and Russia contributed to providing world-class healthcare.
    7. Traditional Treatments: 20 AYUSH hospitals offered treatments in Ayurveda, Homeopathy, and Naturopathy to over 2.18 lakh pilgrims.
    8. Holistic Wellness: Services such as Panchakarma, yoga therapy, and health awareness campaigns were well-received, enhancing the overall well-being of attendees.

     

    Security Measures

    Security at Maha Kumbh 2025 had been strengthened through a seven-tier system with AI-powered surveillance, a vast deployment of personnel, and emergency response mechanisms. Over 50,000 security personnel, including paramilitary forces, 14,000 home guards, and 2,750 AI-based CCTV cameras, had been deployed. Enhanced measures included drone and underwater surveillance, cyber security, and river safety. Fire safety infrastructure had been expanded with specialized vehicles and firefighting stations. Lost and Found centers used digital registration and social media updates to reunite missing persons with their families.

     

    Key Security Measures

    1. Surveillance and Law Enforcement
    • AI & Drone Monitoring: 2,750 AI-powered cameras, drones, anti-drones, and tethered drones for real-time tracking.
    • Underwater Drones: First-time deployment for 24/7 river surveillance, operating up to 100 meters deep.
    • Checkpoints & Intelligence Squads: Screening at multiple entry points, hotel and vendor inspections, and patrols.
    • Seven-Tier Security System: Layered protection from the outer perimeter to the inner sanctum.

     

    1. Fire Safety Measures
    • ₹131.48 crore allocated for fire safety, ensuring the deployment of:
      • 351 firefighting vehicles.
      • 50+ fire stations and 20 fire posts.
      • Four Articulating Water Towers (AWT) equipped with thermal cameras, reaching 35 meters in height.
      • Over 2,000 trained fire personnel.
      • Fire safety equipment installed in all tent settlements.

     

    1. Emergency & Disaster Response
    • Multi-Disaster Response Vehicles: Equipped with lifting bags (10-20 tonnes), rescue tools, and victim location cameras.
    • Remote-Controlled Life Buoys: Deployed for immediate water rescue operations.
    • Incident Response System (IRS): Ensures swift emergency handling through a coordinated command structure.

     

    1. Enhanced River Security
    • 3,800 Water Police personnel deployed, including 2,500 currently on duty and 1,300 additional personnel before the event.
    • 11 FRP Speed Motor Boats and four Anaconda motorboats with built-in changing rooms for patrol.
    • Three Water Police Stations & Two Floating Rescue Stations operating 24/7.
    • Four Water Ambulances equipped with medical facilities stationed along the river.
    • Deep-Water Barricading: An 8-km stretch secured to prevent accidents.
    • Equipment Deployment: 100 diving kits, 440 lifebuoys, and over 3,000 life jackets.

     

    1. Overall Deployment & Infrastructure
    • Security Forces: 10,000+ police personnel, NDRF, SDRF, CAPF, PAC, and bomb disposal squads.
    • Prayagraj Police Infrastructure:
      • 57 permanent police stations.
      • 13 temporary police stations.
      • 23 security checkpoints.
      • 8 zones, 18 security sectors.
    • 700+ boats with police and disaster response personnel stationed along the rivers.
    • Mock Drills & Inspections: Conducted by police and ATS teams for security preparedness.

     

    1. CRPF’s Role in Maha Kumbh 2025
    • 24/7 Security: Personnel deployed at ghats, Mela grounds, and key routes.
    • Use of Modern Technology: Vigilant monitoring to handle emergencies effectively.
    • Guidance & Assistance: Helping devotees navigate massive crowds with a polite approach.
    • Disaster Management: Rapid response team on high alert for crises.
    • Humanitarian Efforts: Assisting in reuniting lost children and elderly with their families.

     

    Cyber Security at Maha Kumbh

    More than 65 crore devotees have visited the Maha Kumbh Nagar. To ensure that such a large number of devotees are well-informed, the Uttar Pradesh government had decided to utilize every platform, including print, digital, and social media. Cyber experts have been actively monitoring online threats and investigating gangs exploiting platforms such as AI, Facebook, X, and Instagram. A mobile cyber team was also deployed for large-scale public awareness campaigns.

    Special cyber security arrangements were initiated to safeguard devotees from across the globe:

    • Deployment of 56 dedicated cyber warriors and experts for cyber patrolling.
    • Establishment of a Maha Kumbh cyber police station to counter cyber threats like fraudulent websites, social media scams, and fake links.
    • 40 Variable Messaging Displays (VMDs) installed in both the fair area and the commissionerates for raising awareness about cyber threats.
    • Formation of a dedicated helpline number, 1920, and promotion of verified government websites.

     

    Ease of Making Payments at Maha Kumbh

    • Seamless Digital Banking Services: Ensuring convenience, safety, and security for millions of devotees and pilgrims.
    • Service Infrastructure: Service counters, mobile banking units, and customer assistance kiosks at five key locations.
    • Daak Sevaks: Trusted Daak Sevaks offering doorstep banking services for cash withdrawals via Aadhaar-linked accounts through AePS (Aadhaar ATM).
    • ‘Banking at Call’ facility: Pilgrims can dial 7458025511 to access banking services anywhere within Maha Kumbh.
    • Empowering Digital Transactions: Enabling local vendors and businesses to accept digital payments through DakPay QR Cards, fostering a cashless ecosystem.
    • Awareness Campaigns: Educating pilgrims and vendors through trained professionals, Daak Sevaks, hoardings, and digital demonstrations and assisting with account openings, transactions, and queries.
    • Memorabilia Offer: Free printed photographs for visitors as a keepsake.

    Railway Transportation at Maha Kumbh

    Maha Kumbh 2025, necessitated extensive preparations by Indian Railways to ensure seamless transportation, safety, and infrastructure readiness. Indian Railways has undertaken massive operational, infrastructural, and security measures to handle the unprecedented influx of devotees at Prayagraj and adjoining regions.

    1. Operational Measures To manage the surge in passengers, Indian Railways has implemented the following measures:

    • Special Train Services: Over 1,000 special trains are being introduced on high-demand routes to Prayagraj from various parts of India.
    • Increased Train Frequencies: Regular trains operating on critical routes have been augmented to handle additional passengers.
    • Reservation System Enhancements: Tatkal and special booking counters have been set up to facilitate smooth ticketing.
    • Dedicated Help Desks: Information booths and inquiry counters have been increased at major railway stations to assist pilgrims.

    2. Security and Crowd Management Given the large congregation, security measures have been significantly bolstered:

    • Deployment of RPF and GRP Personnel: More than 10,000 personnel from the Railway Protection Force (RPF) and Government Railway Police (GRP) have been deployed at key stations.
    • CCTV Surveillance: High-resolution CCTV cameras have been installed across railway stations and inside trains for real-time monitoring.
    • Drone Surveillance: Drones are being used for crowd monitoring and quick response to emergencies.
    • AI-Based Crowd Management Systems: Advanced AI-based predictive modeling is being used to monitor crowd density and prevent stampedes.

     

    3. Infrastructure Development To accommodate the increased footfall, major infrastructural upgrades have been carried out:

    • Expansion of Platforms: Stations in Prayagraj and nearby regions have undergone expansion to handle additional trains.
    • New Foot Over Bridges (FOBs): Additional FOBs have been constructed to ease passenger movement.
    • Enhanced Lighting and Signage: Railway stations have been equipped with improved lighting and digital signboards for better navigation.
    • Escalators and Lifts: Stations have been upgraded with escalators and lifts for the convenience of elderly and differently-abled passengers.

    4. Passenger Amenities and Digital Initiatives To ensure a comfortable experience for devotees, Indian Railways has introduced several passenger-friendly initiatives:

    • Additional Waiting Rooms and Rest Areas: Temporary waiting halls with adequate seating, clean drinking water, and sanitation facilities have been established.
    • Food and Water Distribution: Special food counters and kiosks have been set up to provide hygienic meals and drinking water.
    • Digital Ticketing and Mobile App Services: The Indian Railways app has been upgraded with real-time train tracking, ticket booking, and emergency services information.
    • Public Announcement Systems: High-quality PA systems have been installed for timely announcements regarding train arrivals and departures.

     

    5. Disaster Preparedness and Emergency Response To mitigate risks and handle emergencies effectively, Indian Railways has implemented:

    • Quick Response Teams (QRTs): Deployed at key stations to handle medical emergencies and crowd control.
    • Onboard Medical Facilities: Special medical coaches have been added to long-distance trains.
    • Fire Safety Measures: Fire extinguishers and emergency exits have been reviewed and upgraded in railway coaches and stations.
    • Coordination with Local Authorities: Continuous coordination with local police, healthcare units, and disaster management teams to handle contingencies.

    Bus Transportation at Maha Kumbh

    The Uttar Pradesh government had deployed 1200 additional buses on 12 February 2025, supplementing the 3050 already allocated for Maha Kumbh 2025. Special shuttle services had also been arranged to enhance intra-city transportation.

    • Buses were available every 10 minutes at four temporary bus stations.
    • 750 shuttle buses were operating every 2 minutes for intra-city connectivity.
    • Measures taken to prevent overcrowding and ensure smooth pilgrim movement.

    Air Transportation for Maha Kumbh

    Prayagraj Airport underwent significant modernization to support the large influx of devotees during the Maha Kumbh Mahotsav from January 13 to February 26, 2025. Expansion efforts improved connectivity, capacity, and passenger services, ensuring a seamless travel experience. To ensure seamless travel for tourists attending the Maha Kumbh, the Ministry of Tourism had partnered with Alliance Air to enhance air connectivity to Prayagraj from multiple cities across India.

    1. Flight Operations & Connectivity
    • 81 new flights were introduced in January 2025 to accommodate pilgrims.
    • The total number of flights increased to 132, providing around 80,000 monthly seats.
    • Direct connectivity expanded from 8 cities in December 2024 to 17 cities, while connecting flights reached 26 cities, including Srinagar and Visakhapatnam.
    • The Union Civil Aviation Minister directed airlines to regulate airfares, especially for peak days like the Shahi Snan (January 29, February 3) and other major bathing days (February 4, 12, and 26).

     

    1. Passenger and Flight Traffic
    • The airport witnessed 30,172 passengers and operated 226 flights within a week.
    • For the first time, over 5,000 passengers traveled through the airport in a single day.
    • Night flights were introduced, providing 24/7 connectivity—a historic first in the airport’s 106-year history.

     

    1. Infrastructure Expansion
    • The terminal area expanded from 6,700 sq. m. to 25,500 sq. m.
    • The old terminal was reconfigured to accommodate 1,080 peak-hour passengers, while a new terminal handled 1,620 passengers.
    • Parking capacity increased from 200 to 600 vehicles.
    • Check-in counters rose from 8 to 42, and baggage scanning machines (XBIS-HB) increased from 4 to 10.
    • Aircraft parking bays grew from 4 to 15, while conveyor belts increased from 2 to 5.
    • Taxi tracks and airport gates were expanded from 4 to 11.

     

    1. Enhanced Passenger Experience
    • Boarding bridges increased from 2 to 6 for smoother passenger movement.
    • New lounges, a childcare room, and additional F&B counters were introduced.
    • The UDAN Yatri Café was established for affordable food options.
    • Meet-and-greet services were launched for differently-abled passengers.
    • Prepaid taxi counters and city bus services were introduced in collaboration with the UP Government.

     

    1. Safety & Medical Facilities
    • Security infrastructure was strengthened with additional aerobridges and door-framed metal detectors.
    • Ambulances and air ambulance services were deployed to handle medical emergencies.
    • Arriving pilgrims were given a floral welcome, enhancing their spiritual journey.

    Ensuring Food Availability and Safety

    The Union Government and Uttar Pradesh government have taken multiple measures to provide affordable food and ensure food safety at Maha Kumbh 2025. Subsidized rations, free meals, and stringent food safety protocols are in place to cater to millions of devotees.

     

    1. Subsidized Ration Distribution by NAFED
    • Quality ration at affordable prices distributed across Prayagraj.
    • Over 1000 metric tons of rations provided.
    • 20 mobile vans ensure delivery across Maha Kumbh.
    • Orders via WhatsApp/call on 72757 81810 for doorstep delivery.
    • Subsidized items:
      • Wheat flour & rice (10 kg packets).
      • Moong, masoor, and chana dal (1 kg packets).

     

    1. Free Meal Distribution & Cooking Gas Arrangements
    • 20,000 people served free meals daily.
    • 25,000 new ration cards issued for Maha Kumbh.
    • 35,000+ gas cylinders refilled and 3,500 new connections issued.
    • 5,000 gas cylinders refilled daily to support food preparation.

     

    1. Food Safety Measures by FSSAI & UP Government
    • 5 zones & 25 sectors monitored for food hygiene.
    • 56 Food Safety Officers (FSOs) deployed across the fair.
    • 10 Mobile Food Testing Labs (Food Safety on Wheels) conducting on-the-spot food safety tests.
    • Hotels, dhabas & stalls regularly inspected for hygiene compliance.
    • Public health lab in Varanasi testing food samples from Maha Kumbh.

     

    1. Awareness & Public Engagement
    • FSSAI’s interactive pavilion educating visitors on food safety.
    • Nukkad Natak performances & live quizzes promoting hygiene awareness.
    • Adulteration checks & training sessions for vendors and food businesses.

    Cleanliness and Sanitation

    The Swachh Maha Kumbh Abhiyan has set a benchmark for environmental stewardship, ensuring a cleaner and more sustainable pilgrimage experience.

     

    1. Sanitation Infrastructure
    • 10,200 sanitation workers and 1,800 Ganga Sevadut deployed for cleanliness.
    1. Waste Management Initiatives
    • 22,000 sanitation workers ensuring litter-free fairgrounds.
    • Water treatment initiatives to maintain clean river water for bathing.
    • Strict plastic ban and use of biodegradable cutlery.
    • Thousands of bio-toilets and automated garbage disposal units installed.

     

    1. Major Bathing Days and Cleanliness Efforts
    • Basant Panchami (Feb 14, 2025):
      • 2.33 crore devotees took a dip in the Triveni Sangam.
      • 15,000 sanitation workers and 2,500 Ganga Seva Doots deployed.
      • Special cleaning of akhada paths and ghats.
      • Quick Response Teams (QRTs) ensured swift waste removal.
    • Magh Purnima (Feb 24, 2025):
      • Over 2 crore devotees participated.
      • Overnight cleaning drive restored ghats and fairgrounds.
      • Special cleaning vehicles and cesspool operations maintained sanitation.

     

    1. Sanitation and Waste Disposal System
    • 12,000 FRP toilets with septic tanks.
    • 16,100 prefabricated steel toilets with soak pits.
    • 20,000 community urinals installed.
    • 20,000 trash bins and 37.75 lakh liner bags for waste collection.
    • Special sanitation teams clearing waste post-major rituals.

     

    1. Miyawaki Forests: A Green Initiative
    • 119,700 saplings of 63 species planted in 2023-24 across 34,200 sqm.
    • Buswar dumping yard transformed into a green zone with 27,000 saplings.
    • Species planted: Mango, neem, peepal, tamarind, tulsi, gulmohar, and medicinal plants.

     

    1. Public Participation and Awareness
    • Swachhata Rath Yatra promoting cleanliness.
    • Street plays, musical performances, and public address systems spreading awareness.
    • Waste disposal initiatives: Segregation at source and organized garbage collection.

     

    1. River Cleaning with Trash Skimmer Machines
    • Two machines remove 10-15 tons of waste daily from Ganga and Yamuna.
    • Machine capacity: 13 cubic meters, covering a 4 km stretch of the river.
    • Waste disposal at Naini plant, plastic sent for recycling, and organic waste composted.

     

    1. Welfare of Sanitation Workers
    • Sanitation colonies with housing and amenities.
    • Primary schools for workers’ children under Vidya Kumbh initiative.
    • Proper food, accommodation, and timely wages ensured.

    Water Supply

    A large-scale arrangement for clean and pure drinking water has been made for millions of pilgrims coming from across the country and abroad at the Maha Kumbh:

    • 233 Water ATMs installed across the Mela area, operational 24/7.
    • RO (Reverse Osmosis) purified water provided to pilgrims.
    • Over 40 lakh pilgrims benefited from these Water ATMs between January 21 and February 1, 2025.
    • Initially, water was available at ₹1 per liter via coins or UPI payments, but now it is completely free.
    • Each ATM is equipped with sensor-based monitoring to detect faults.
    • SIM-based technology ensures connectivity with the administration’s central network.
    • Each ATM dispenses 12,000 to 15,000 liters of RO water daily.
    • On-site operators ensure smooth functioning and quick resolution of technical issues.
    • Pilgrims must refill bottles instead of using plastic, reducing waste.
    • Water supply arrangements focus on cleanliness and sustainability.
    • Technical teams monitor ATMs to ensure uninterrupted service.

     

    International Bird Festival

    This festival blended science, nature, and culture, inspiring conservation efforts and sustainable development.

    • Date & Venue: February 16-18, 2025, in Prayagraj.
    • Bird Species: Over 200 migratory and local birds, including endangered species.
    • Objective: Promote environmental conservation and biodiversity awareness.

     

    Festival Highlights

    • Bird Watching & Awareness
      • Rare birds like Indian Skimmer, Flamingo, and Siberian Crane.
      • Thousands of migratory birds from Siberia, Mongolia, Afghanistan, and other regions.
      • Eco-tourism plan for devotees, featuring expert-led bird walks and nature walks.
    • Competitions & Activities
      • Photography, painting, slogan writing, debates, and quizzes.
      • Prizes worth ₹21 lakhs (₹10,000 to ₹5 lakhs).
    • Expert Insights
      • Ornithologists, environmentalists, and conservation experts in technical sessions.
      • Discussions on bird migration, habitat protection, climate change impact.
    • Cultural & Educational Programs
      • Street plays, art exhibitions, and cultural performances on biodiversity.
      • Student participation in conservation activities for hands-on learning.

    List of Notable Personalities at Maha Kumbh

     

    Various well-known personalities visited Prayagraj to take a dip in the holy Triveni Sangam. These include:

    • Hon. President of India Smt. Droupadi Murmu
    • Prime Minister Shri Narendra Modi
    • Home Minister Shri Amit Shah
    • Defense Minister Shri Rajnath Singh
    • Governor of Uttar Pradesh Smt. Anandiben Patel
    • UP Chief Minister Yogi Adityanath & Cabinet Ministers
    • Chief Ministers:
      • Rajasthan – Shri Bhajan Lal Sharma
      • Haryana – Shri Nayab Singh Saini
      • Manipur – Shri N. Biren Singh
      • Gujarat – Shri Bhupendra Patel
    • Union Ministers:
      • Shri Gajendra Singh Shekhawat
      • Shri Arjun Ram Meghwal
      • Shri Shripad Naik
    • Members of Parliament:
      • Dr. Sudhanshu Trivedi
      • Shri Anurag Thakur
      • Smt. Sudha Murthy
      • Shri Ravi Kishan
    • Sports & Entertainment Personalities
    • Olympic Medalist Saina Nehwal
    • Cricketer Suresh Raina
    • International Wrestler Khali
    • Renowned Poet Kumar Vishwas
    • Choreographer Remo D’Souza
    • Bollywood Actress Katrina Kaif
    • Bollywood Actress Raveena Tandon

    Kalagram

    Kalagram, set up by the Ministry of Culture in Sector-7 of the Maha Kumbh district, is a vibrant cultural village showcasing India’s rich heritage. Designed around the themes of Craft, Cuisines, and Culture, it offers an immersive experience through performances, exhibitions, and interactive zones. The space brings together traditional arts, folk performances, digital storytelling, and culinary delights, making it a must-visit for devotees and tourists. The exhibition featured performances by nearly 15,000 artists from different parts of the country.

     

    Key Highlights of Kalagram

    • Grand Entrance: 635 ft wide, 54 ft high façade depicting 12 Jyotirlingas and Lord Shiva consuming Halahal.
    • Massive Stage: 104 ft wide and 72 ft deep, themed on Char Dham.
    • Performances: 14,632 artists perform daily on multiple stages.
    • Anubhuti Mandapam: 360° immersive experience narrating the descent of Ganga.
    • Aviral Shashwat Kumbh: Digital exhibition by ASI, NAI, and IGNCA on Kumbh’s history.
    • Food Zone: Offers satvik cuisine from different regions and Prayagraj’s local delicacies.
    • Sanskriti Aangans: Handicrafts and handlooms by 98 artisans from seven Zonal Cultural Centres.

    International Tourism at Maha Kumbh

    The Maha Kumbh 2025 in Prayagraj emerged as a global phenomenon, attracting foreign tourists, travel writers, and spiritual seekers from various countries. The Uttar Pradesh government and the Ministry of Tourism implemented extensive initiatives to facilitate international participation, promote cultural exchange, and position the event on the world tourism map.

     

    1. International Participation and Tourism Initiatives
    • A group of British travel writers visited the Maha Kumbh on February 25–26, 2025, exploring religious, historical, and cultural sites in Prayagraj.
    • Special plans were executed to provide accommodation, guided tours, digital information centers, and cultural programs for foreign visitors.
    • The delegation also visited Prayagraj Fort, Anand Bhawan, Akshayavat, Alfred Park, and the Sangam area, along with trips to Ayodhya, Varanasi, and Lucknow.

     

    1. Foreign Tourists and Cultural Engagement
    • Pilgrims and tourists from South Korea, Japan, Spain, Russia, the United States, and other nations participated in the festival.
    • Many engaged with local guides at the Sangam Ghat to understand the spiritual and cultural significance of the event.
    • A visitor from Spain described the experience as a “once-in-a-lifetime opportunity.”
    • Foreign devotees actively participated in the rituals and ceremonies, with many international sadhus and sanyasis taking the holy dip.

     

    1. Maha Kumbh as a Global Cultural Brand
    • The event was promoted as part of the “Brand UP” vision, highlighting Uttar Pradesh’s potential for tourism and investment.
    • The Uttar Pradesh government engaged with global tourism and hospitality stakeholders at international fairs to foster sustainable tourism and investment opportunities.
    • The strategic engagement aimed to enhance India’s reputation as a land of spirituality and innovation.

     

    1. Promotion at International Tourism Fairs
    • Maha Kumbh 2025 was showcased at FITUR in Madrid, Spain (January 24–28, 2025) and ITB Berlin, Germany (March 4–6, 2025).
    • Special 40-square-meter pavilions were set up to display Uttar Pradesh’s cultural heritage and attract global tourists.
    • VVIP lounges facilitated B2B and B2C interactions, ensuring international collaborations.
    • Promotional materials in multiple languages helped reach a diverse global audience.

     

    1. Digital Maha Kumbh and Global Engagement
    • The event’s official website saw 33 lakh visitors from 183 countries in the first week of January.
    • Visitors from 6,206 cities worldwide accessed the platform, with India, the United States, Britain, Canada, and Germany leading the traffic.
    • The technical team managing the site reported a surge in global traffic, with millions of daily users exploring content on Maha Kumbh’s history and spiritual significance.
    • The digital initiative ensured seamless access to information, enabling visitors to focus on the spiritual aspects of the festival without logistical challenges.

     

    1. Incredible India Pavilion and Tourist Services
    • On January 12, 2025, the Ministry of Tourism set up the Incredible India Pavilion, a 5,000 sq. ft. immersive space at Maha Kumbh.
    • The pavilion facilitated foreign tourists, scholars, researchers, journalists, photographers, and the Indian diaspora.
    • The Dekho Apna Desh People’s Choice Poll allowed visitors to vote for their favorite tourism destinations in India.
    • A dedicated toll-free Tourist Infoline (1800111363 or 1363) was launched, operating in 10 international languages and Indian regional languages like Tamil, Telugu, Kannada, Bengali, Assamese, and Marathi.

     

    1. Luxury Accommodation and Travel Packages
    • The Ministry of Tourism collaborated with UPSTDC, IRCTC, and ITDC to provide curated tour packages and luxury accommodations.
    • ITDC set up 80 luxury accommodations at Tent City, Prayagraj, while IRCTC introduced luxury tents for the convenience of international tourists.
    • A digital brochure detailing the tour packages was widely circulated through Indian Missions and India Tourism Offices to reach a broader audience.

     

    Through these extensive efforts, Maha Kumbh 2025 successfully established itself as a global spiritual and cultural event, reinforcing Uttar Pradesh’s identity as a premier destination for religious tourism and international investment.

    Key Exhibitions at Maha Kumbh

    The Maha Kumbh Mela 2025 featured a vast array of exhibitions designed to showcase India’s rich cultural, artistic, and spiritual heritage. These exhibitions provided visitors and pilgrims with a unique opportunity to engage with the traditions, crafts, and historical narratives of India.

     

    1. Kumbh Gram (Sector 7) Exhibitions

    A specially curated space in Sector 7 of Kumbh Gram hosted several exhibitions reflecting the diverse aspects of India’s heritage, handicrafts, tourism, and disaster preparedness. These included:

    • Khadi Gramodyog Exhibition: Displaying the significance of khadi and village industries, promoting indigenous craftsmanship and self-reliance.
    • One District One Product (ODOP) Pavilion: Showcasing district-specific products from Uttar Pradesh, supporting local artisans and businesses.
    • Uttar Pradesh Darshan Mandapam: A visual journey through the major cultural and religious sites of Uttar Pradesh.
    • Incredible India Kala Gram: Featuring a vast collection of artistic works that celebrated India’s folk and traditional art forms.
    • Chhattisgarh Exhibition: Presenting the unique cultural and traditional aspects of Chhattisgarh, including tribal art and crafts.
    • Uttar Pradesh Tourism Exhibition: Highlighting major tourist destinations within Uttar Pradesh, encouraging travel and exploration.
    • North Central Zone Cultural Centre (NCZCC) Pavilion: Dedicated to promoting the region’s diverse cultural performances, arts, and heritage.
    • National Disaster Management Authority (NDMA) Exhibition: Educating visitors on disaster preparedness, resilience, and emergency response mechanisms.

    2. ‘Bhagwat’ Exhibition at Allahabad Museum

    Union Minister Gajendra Singh Shekhawat inaugurated the ‘Bhagwat’ exhibition at the Allahabad Museum, an initiative that showcased a remarkable collection of miniature paintings inspired by the Bhagwat. The exhibition presented intricate depictions of significant events from the Bhagwat, offering visitors a deep insight into India’s spiritual and artistic traditions.

    3. ‘Aviral Shashvat Kumbh’ Exhibition

    This exhibition provided a historical perspective on the Kumbh Mela, tracing its origins and evolution over centuries. Featuring artifacts, digital displays, and informational posters, ‘Aviral Shashvat Kumbh’ aimed to educate visitors on the enduring legacy of this grand festival and its role in India’s spiritual landscape.

    The exhibitions at Maha Kumbh 2025 not only enhanced the spiritual experience of pilgrims but also served as a window into India’s rich cultural heritage. Through a blend of traditional artistry, historical retrospectives, and interactive showcases, these exhibitions played a crucial role in making Maha Kumbh 2025 an enriching and memorable event for millions of attendees.

    Telecom at Maha Kumbh: BSNL

    Under the Atmanirbhar Bharat initiative, Bharat Sanchar Nigam Limited (BSNL) played a crucial role in strengthening the communication infrastructure at the Maha Kumbh 2025, ensuring reliable connectivity for millions of pilgrims, administrative officials, security forces, and volunteers. A dedicated customer service center was set up in the Mela area, where visitors received on-site assistance, complaint resolution, and uninterrupted communication services.

    Pilgrims from different parts of the country were provided with free SIM cards from their respective circles. If any pilgrim lost or damaged their SIM card, they did not need to return to their home state, as BSNL had arranged for SIM cards from all circles across the country to be available in the Mela area. This service was provided free of charge, allowing devotees to stay connected with their families throughout the event.

    BSNL established a camp office at Lal Road, Sector-2, from where all communication services were managed. There was a significant increase in demand for fiber connections, leased line connections, and mobile recharges during the Kumbh, and BSNL ensured the availability of SIM cards from different states, benefiting both pilgrims and security personnel.

    To guarantee uninterrupted communication, BSNL activated a total of 90 BTS towers in the Mela area:

    • 30 BTS towers operating on the 700 MHz 4G band
    • 30 BTS towers on the 2100 MHz band
    • 30 BTS towers with 2G-enabled connectivity

     

    Additionally, BSNL provided several advanced communication services, including:

    • Internet leased lines
    • Wi-Fi hotspots
    • High-speed internet (FTTH)
    • Webcasting
    • SD-WAN services
    • Bulk SMS services
    • M2M SIMs
    • Satellite phone services

     

    Through these initiatives, BSNL ensured seamless communication throughout the Mahakumbh 2025, supporting both the public and the administrative machinery in managing the grand event efficiently.

    Akharas at Maha Kumbh

    In Maha Kumbh 2025, the Akharas played a significant role, representing various traditions and sects of Sanatan Dharma. The word ‘Akhara’ originates from ‘Akhand,’ meaning indivisible. These religious institutions have existed since the 6th century during the time of Adi Guru Shankaracharya and have been the custodians of spiritual practices and rituals at the Kumbh Mela.

     

    A total of 13 Akharas participated in this Maha Kumbh, including the Kinnar Akhara, Dashnam Sannyasini Akhara, and Mahila Akhara, symbolizing gender equality and a progressive outlook. The grand processions and sacred rituals of the Akharas were among the main attractions of the event, inspiring millions of devotees toward spiritual growth, discipline, and unity.

    These institutions not only preserved the spiritual and cultural values of Sanatan Dharma but also embraced modern sensibilities by promoting inclusivity and equality. The presence of the Akharas at Maha Kumbh fostered unity across caste, religion, and cultural diversity, making the event a symbol of spiritual and cultural enrichment.

    Green Maha Kumbh: A National-Level Environmental Discussion

    The Green Maha Kumbh was held on January 31, 2025, as a significant platform to promote environmental awareness alongside cultural and spiritual traditions. The event brought together over 1,000 environmental and water conservation experts from across the country. It was organized as part of the Gyan Maha Kumbh – 2081 series by Shiksha Sanskriti Utthan Nyas.

    The discussions at the Green Maha Kumbh focused on:

    • Issues related to nature, the environment, water, and cleanliness.
    • Maintaining the balance of the five elements of nature.
    • Sharing best practices in environmental conservation and cleanliness.
    • Strategies to engage devotees in sustainability efforts during Maha Kumbh.

     

    Experts from various fields shared their insights and experiences on tackling environmental challenges and implementing eco-friendly solutions. Additionally, the discussions explored ways to raise awareness among visitors about environmental protection, promoting initiatives that ensured a cleaner and greener Maha Kumbh. The event reinforced the vision of an environmentally responsible Maha Kumbh, setting a precedent for sustainable practices in future religious gatherings.

    Netra Kumbh

     

    Maha Kumbh 2025 witnessed several record-breaking initiatives, with a significant focus on healthcare and social welfare. One of the most remarkable efforts was the Netra Kumbh, a massive eye care initiative aimed at combating vision impairment. Spanning 10 acres in Sector 5 near Nagvasuki, the event set new benchmarks in eye testing and spectacle distribution, striving to secure a place in the Guinness Book of World Records.

    • Record-Breaking Eye Tests & Spectacles: Over 5 lakh people underwent eye tests, and 3 lakh spectacles were distributed.
    • Daily OPD & Facilities: The Netra Kumbh had 11 hangars, offering 10,000 consultations daily with specialists and optometrists.
    • Previous Achievement: The earlier Netra Kumbh secured a place in the Limca Book of Records.
    • Aim for Guinness World Record: The 2025 event sought to surpass previous achievements and enter the Guinness Book of World Records.
    • Eye Donation Camp: Encouraged donations to help reduce blindness, addressing corneal issues affecting over 15 million people in India.

     

    BHASHINI in Maha Kumbh

    At Maha Kumbh 2025, the Ministry of Electronics and Information Technology (MeitY) successfully leveraged BHASHINI, a revolutionary initiative under the Digital India program, to overcome language barriers and enhance communication. By offering multilingual access in 11 Indian languages, BHASHINI transformed information dissemination, navigation, emergency response, and governance, ensuring a seamless experience for millions of pilgrims. Additionally, the Kumbh Sah’AI’yak chatbot, powered by AI, provided real-time assistance, making Maha Kumbh 2025 more accessible and technologically advanced than ever before.

    BHASHINI’s Role in Maha Kumbh 2025:

    1. Real-Time Information Dissemination: Announcements, event schedules, and safety guidelines were translated into 11 Indian languages, enabling pilgrims to stay informed regardless of their native language.
    2. Simplified Navigation: BHASHINI’s speech-to-text, text-to-speech tools, and multilingual chatbot, integrated with mobile applications and kiosks, assisted devotees in finding their way.
    3. Accessible Emergency Services: The CONVERSE feature helped pilgrims communicate with the 112-emergency helpline in their native languages, in collaboration with the UP Police.
    4. E-Governance Support: Authorities used BHASHINI to effectively communicate regulations, guidelines, and public service announcements to a diverse audience.
    5. Lost and Found Assistance: BHASHINI’s Digital Lost & Found Solution enabled visitors to register lost or found items using voice inputs, with real-time translations simplifying the process.

     

    Kumbh Sah’AI’yak Chatbot:

    • Launched by Prime Minister Narendra Modi, this AI-powered, multilingual, voice-enabled chatbot played a crucial role in assisting pilgrims.
    • Powered by advanced AI technologies like Llama LLM, it provided real-time navigation and event-related information.
    • BHASHINI’s language translation enabled the chatbot to function in Hindi, English, and nine other Indian languages, ensuring inclusivity and accessibility.

     

    Akashvani’s Kumbhvani

     

    In a significant initiative to keep devotees and pilgrims informed, Akashvani’s Kumbhvani News Bulletins were broadcasted live through the public address system in Mahakumbh Nagar in Prayagraj, Uttar Pradesh. The first Kumbhvani News Bulletin was aired on public address system today i.e. 18.01.2025 at 8:30 am. The Kumbhvani news bulletins were broadcasted three times a day, at 8:30-8:40 am, 2:30-2:40 pm, and 8:30-8:40 pm, providing updates on various activities related to the Mahakumbh Mela. Additionally, devotees could also tune in to Kumbhvani news bulletins on 103.5 MHz frequency in Prayagraj.

     

    References

    https://pib.gov.in/EventDetail.aspx?ID=1197&reg=3&lang=1

    https://www.instagram.com/airnewsalerts/p/DE3txwqIpRQ/

    Click here to see PDF:

    Santosh Kumar | Sarla Meena | Rishita Aggarwal

    (Release ID: 2106476)

    MIL OSI Asia Pacific News –

    February 27, 2025
  • MIL-OSI Canada: Innovation Saskatchewan Invests More Than $1 Million in Research and Development Projects Focused on Sustainable Technologies

    Source: Government of Canada regional news

    Released on February 26, 2025

    Innovation Saskatchewan is investing $1.09 million in four industry-led research and development (R&D) technologies through the Saskatchewan Advantage Innovation Fund (SAIF) and Agtech Growth Fund (AGF).

    These dual R&D grant programs advance commercialization of game-changing technologies in agriculture, mining, energy, manufacturing and health care and help bring them to market.

    “Saskatchewan companies continue to develop impactful technological solutions for critical industry challenges in our core sectors,” Minister Responsible for Innovation Saskatchewan Warren Kaeding said. “Funding programs like SAIF and AGF help accelerate made-in-Saskatchewan innovations to reach new global markets, driving economic and employment growth in communities across the province.”

    SAIF and AGF funding will support four innovative companies from the Spring 2024 cohort:

    • EcoLoop Sustainable Technologies – Developing a process that eliminates chemicals found in firefighting foams from soil and water while producing a material that can be used as a fertilizer. ($450,000 in SAIF support)
    • Greenwave Innovations – Developing a data-driven platform that automates industrial equipment monitoring, eliminating waste and unnecessary costs. ($255,000 in SAIF support)
    • Archetype Global 3D ($250,000 in SAIF support) – Developing an easy-to-assemble concrete 3D printer that produces building materials faster than current models on the market.
    • BetterCart Analytics ($135,000 in AGF support) – Developing an advanced AI-driven price analytics platform that that reduces food costs in the supply chain from distributor to customer.

    The announcement took place in Saskatoon at Co.Labs, Saskatchewan’s first tech incubator and one of Innovation Saskatchewan’s funded Tech Partners. The incubator has successfully supported over 200 startups that have generated more than $85 million in revenue and $50 million in private investment, making it a foundational support in Saskatchewan’s startup ecosystem.

    “Investments into startup companies have a huge impact on the local ecosystem,” Co.Labs Executive Director Jonathan Lipoth said. “These grants make new technologies possible and create opportunities for disruptive companies to make their mark. There’s great upside in investing into our local technology companies.”

    Steven Siciliano, founder and CEO of Environmental Material Science (EMS), a spring 2023 AGF recipient and Co.Labs Co.Lead company, described the impact the two programs have had on the development of the company’s signature agriculture product – a novel soil monitoring sensor. Both the company and product will soon be marketed as LiORA by EMS.

    “The AGF funding and support from Innovation Saskatchewan is critical to the development of LiORA by EMS,” Siciliano said. “The LiORA product provides real-time estimates of carbon sequestration and nitrogen losses due to nitrous oxide emissions. AGF support allowed us to enhance the product to incorporate new nutrient sensors into the LiORA package so that the agriculture sector can obtain real time estimates of carbon and nitrogen efficiency. “

    Since 2012, SAIF has committed over $15.7 million in 61 projects, resulting in more than $52.4 million in private investment, $8.5 million in federal investment, $106 million in post-project investment and 288 per cent return on investment (ROI). Similarly, since AGF launched in 2020, the program has invested over $4.5 million in 24 projects, resulting in more than $19.5 million in private investment, $3 million in federal investment, $41.4 million post-project investment and 398 per cent ROI.

    -30-

    For more information, contact:

    MIL OSI Canada News –

    February 27, 2025
  • MIL-OSI Canada: Province Asks Federal Government to Investigate Tire Imports

    Source: Government of Canada regional news

    Premier Tim Houston is asking the Canada Border Services Agency (CBSA) to urgently investigate imports of passenger vehicle and light truck tires from China, Cambodia and Vietnam.

    In a letter to federal Public Safety Minister David McGuinty, Premier Houston says it is imperative that the CBSA act now based on strong evidence that suggests tire manufacturers from these countries are flooding the Canadian market.

    “I am committed to standing up for Nova Scotians and businesses, and it is clear to me that these imports are putting jobs at risk and undermining the stability of our domestic tire industry,” said Premier Houston. “The global trade market is facing immense uncertainty right now, and we have to focus on the things we can control – defending ourselves against industries with unfair trade practices that threaten our economy and job security is absolutely within our control.”

    Nova Scotia has been conducting extensive consultations with industry stakeholders as part of its response to remove internal trade barriers and respond to the threat of U.S. tariffs. Through this analysis and a review of import data, the Province believes the threshold has been met for the CBSA to self-initiate an anti-dumping investigation into import tires from these countries.

    Under the Special Import Measures Act, the CBSA has authority to launch an investigation without the need for a formal industry complaint if there is clear evidence of unfair trade harming Canadian industries.


    Quick Facts:

    • Michelin is one of Nova Scotia’s largest employers with nearly 4,000 direct employees, and the company’s exports account for nearly one per cent of Nova Scotia’s provincial gross domestic product
    • between 2022 and 2024, imports of passenger vehicle and truck tires from China, Cambodia and Vietnam increased by nearly 30 per cent

    Additional Resources:

    News release – Legislation to Remove Barriers to Trade: https://news.novascotia.ca/en/2025/02/25/legislation-remove-barriers-trade


    MIL OSI Canada News –

    February 27, 2025
  • MIL-OSI Global: We should care more about emerging infectious diseases, and the tools we need to fight them

    Source: The Conversation – Canada – By Idowu Olawoye, Postdoctoral Associate, Microbiology & Immunology, Western University

    A patient undergoing infusion therapy. Treatment failure can happen when a disease adapts to become resistant to antibiotics. (Unsplash/Olga Kononenko)

    Throughout human history, disease outbreaks have emerged and re-emerged. What’s different now is that with global travel, outbreaks can move quickly among and between populations.

    A familiar example would be the COVID-19 pandemic and how it disrupted the world as we know it today. During this period, a lot of technological advancements were achieved during a short time such as vaccine roll-out and also tracking of variants globally.

    Since this pandemic, we have been constantly reminded of the threat that emerging infectious diseases pose, as well as new strains of existing microbes, and even infections that may eventually become untreatable. This should also serve as a constant reminder of the need to continue developing the tools and technology to fight them.

    Infectious disease outbreaks since COVID-19

    In 2022, shortly after the worst of the devastating COVID-19 pandemic had passed, the world was rocked by another infectious disease outbreak, which was soon classified as a public health emergency of international concern.

    The culprit was mpox, then known as the monkeypox virus.

    Unlike SARS-CoV-2, which causes COVID-19, this was not a novel virus but had been identified in laboratory monkeys in Denmark as far back as 1958. The first human cases were documented in 1970 among children in the Democratic Republic of Congo (DRC).

    Since then, there have been multiple reported outbreaks of mpox, the majority of them limited to Africa. This includes a 2022 global outbreak that caused about 250 deaths, representing a fatality rate of 0.2 per cent.

    An ongoing outbreak started in 2023 in Central Africa, claiming about 900 lives with a fatality rate of five per cent.

    According to the World Health Organization, the two most recent mpox outbreaks were primarily driven by sexual transmission or body contact. There is currently no treatment approved by the FDA for mpox.

    In early 2024, an avian influenza outbreak resurfaced in the United States when the viral infection that typically affects birds was detected in dairy cows for the first time. It has since spread to about 973 cattle in 17 states, and there have been about 70 human cases among people associated with farm animals.

    Recently, a respiratory outbreak known as hMPV has been overwhelming hospitals in Northern China, with children, adolescents and senior citizens being at most risk. The origin of this outbreak is not yet known.

    Untreatable sexually transmitted infection

    Microscopic image of the bacteria that causes gonorrhea.
    (NIAID), CC BY

    Gonorrhoea is a widely known sexually transmitted infection (STI). Approximately 80 million people were infected by this bacterium in 2020. Though most cases remain treatable, an untreatable form of gonorrhoea is becoming more prevalent, threatening victims with infertility or even cancer.

    Treatment failure can happen when a disease adapts to become resistant to antibiotics. Antibiotic resistance has significant implications for global health, including massive financial implications for health care.

    An emerging STI threat

    Other, uncommon but difficult to treat STIs are emerging. One is called Mycoplasma genitalium, the causative agent for non-gonococcal urethritis — a typically painful infection of the tube that carries urine from the bladder.




    Read more:
    Antimicrobial resistance now hits lower-income countries the hardest, but superbugs are a global threat we must all fight


    With symptoms similar to gonorrhoea, it can lead to infertility, increased susceptibility to HIV, failed pregnancy, cancer of the cervix and more. Yet, it is often misdiagnosed due to it being understudied and its complexity.

    This understudied bacterium is naturally resistant to many antibiotics due to its unique structure, making it notoriously difficult to treat.

    The WHO works to control the spread of gonorrhoea infections that are resistant to antibiotics through surveillance. My own research is adopting a similar strategy for M. genitalium, by using genomic surveillance to improve our knowledge of the infection and the improved ability to detect antibiotic resistance.

    What is genomic surveillance?

    Genomic surveillance uses next-generation sequencing technology to identify specific strains of pathogens circulating during an outbreak. This can also determine what genetic characteristics makes some strains more aggressive than others.

    This technique was used effectively during the peak of the COVID-19 pandemic and helped identify variants quickly.

    Genomic surveillance can help us understand what we are facing, allowing us to tackle emerging threats more quickly and efficiently. It can help us develop sensitive, rapid diagnostic tools to detect drug resistance, especially for bacteria that are difficult to study in the lab, such as Mycoplasma genitalium, which is an extremely slow-growing and challenging bacteria.

    With the continuing emergence of untreatable infections and new disease outbreaks, genomic sequencing can help meet emerging threats even in regions that lack adequate infrastructure where these tend to occur frequently.

    This can be achieved through implementing affordable, user friendly diagnostic tools or developing effective vaccines for endemic regions. An example is the COVID-19 self-test kit that can be used at home. This is one of the key areas my research is also trying to accomplish: improving diagnostics in health care and making them accessible.

    Pathogens are constantly evolving to become resistant to treatment in the perpetual battle between humans and infectious diseases.

    To get the upper hand, we need to continue developing technology, including rapid and sensitive tools for identifying resistant bacteria and innovative methods for halting the spread of untreatable infections before they become serious pandemics.

    Idowu Olawoye receives funding from the Canadian Institutes of Health Research (CIHR) and Western Research at the University of Western Ontario.

    – ref. We should care more about emerging infectious diseases, and the tools we need to fight them – https://theconversation.com/we-should-care-more-about-emerging-infectious-diseases-and-the-tools-we-need-to-fight-them-248427

    MIL OSI – Global Reports –

    February 27, 2025
  • MIL-OSI Global: Alberta’s oil and gas wells threaten people’s health, but there are disparities in who is most at risk

    Source: The Conversation – Canada – By Martin Lavoie, Senior Scientist and Data Analyst, St. Francis Xavier University

    Around 13 per cent of Albertans live within 1.5 kilometres of an active oil or gas well. Given the link between oil and gas production and ill health, this leaves a significant proportion of the province’s population at risk.

    But certain groups may be at a disproportionately greater risk, according to recent research our team published. Our study revealed stark socioeconomic disparities in those at the greatest risk of health problems due to their proximity to an oil or gas well — with Indigenous people and those who were less educated most affected.

    The link between oil and gas production, air pollution and human health is well documented. Oil and gas production emits numerous pollutants into the air we breathe. These pollutants are associated with poor cardiovascular and respiratory health.

    But while numerous studies have been published on the link between proximity to oil and gas producers and ill health, this data has mainly come from the United States — the world’s leading oil and gas producer. Relatively little research on this topic has been done in Canada. This is what our recent research sought to do.

    Alberta residents

    The study examined Alberta — the province which in 2023 was responsible for 80 per cent of Canada’s oil, and 61 per cent of its gas production. We analyzed multiple datasets including census, health, emissions and oil and gas activity data. This allowed our lab to create the first spatial understanding of oil and gas air pollution in Alberta.

    This also made it possible to identify the sociodemographic characteristics of those living nearest the pollution’s source, alongside their experiences with cardiovascular or respiratory health issues.

    The study found that over 360,000 Albertans live within one kilometre of an active oil or gas well. Nearly half a million people live within 1.5 kilometres of one. These are significant numbers considering the province only has around four million residents.

    Albertans living within one or 1.5 kilometres of an active oil and gas well are more likely to be rural residents (10 per cent), people with less formal education (20 per cent) and Indigenous people (21 per cent).

    Our findings align with previous studies which have shown that people with similar sociodemographic characteristics are more likely to experience worse health outcomes compared to the general population.

    Unnervingly, our study also found that those living within at least 1.5 kilometres of an oil or gas well faced an estimated nine to 21 per cent higher risk of experiencing cardiovascular or respiratory issues due to their proximity. The closer a person lived to an oil or gas well, the greater their risk.

    Although we adjusted our findings for age and sex, there was no information available in the datasets we used on other factors which may have affected the results, such as lifestyle habits or pre-existing health conditions. It will be important for more research to be conducted on this topic which takes these factors into account.

    Health risks

    Our findings align with other published studies on the topic which have found a link between health issues and proximity to oil and gas producers.

    Notably, much of the oil and gas workforce are located in rural areas near production facilities. This may explain why our study found rural residents were more likely to experience health issues from oil and gas wells.

    Our findings also align with research from the U.S. on this topic. For comparison, a 2022 study found nearly 18 million U.S. residents live within 1.6 kilometres of an active oil and gas well, with some states such as West Virginia and Oklahoma seeing over 50 per cent of their total population in this proximity. Research has also found similar socioeconomic disparities in exposure to oil and gas wells in the U.S. as our study did.

    Our study highlights the need for more research on this topic, especially since it has been suggested that oil and gas emissions are often underestimated. It’s possible that even more people are impacted than our study determined.

    It will also be important for studies to investigate the effects of specific oil and gas pollutants (such as nitrogen oxides and volatile organic compounds) on health. Currently in Alberta, regulations on the minimum distance between residents and oil and gas wells primarily focus on hydrogen sulphide levels.

    Overlooking other relevant air pollutants may mean that minimum setbacks from pollution sources may be insufficient, especially given the impacts our study showed in those residing within 1.5 kilometres of an oil or gas well.

    Nearly 100 countries produce oil and gas. Air emissions from this sector represent an urgent global problem. Targeted actions such as stricter policies for air emissions, as well as health risk assessments when building developments, are necessary to protect people living in these regions.

    David Risk receives funding from the Natural Sciences and Engineering Research Council

    Martin Lavoie and Matthew Rygus do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Alberta’s oil and gas wells threaten people’s health, but there are disparities in who is most at risk – https://theconversation.com/albertas-oil-and-gas-wells-threaten-peoples-health-but-there-are-disparities-in-who-is-most-at-risk-249637

    MIL OSI – Global Reports –

    February 27, 2025
  • MIL-OSI Global: Big corporations are getting away with catastrophic air pollution – putting Canadians at risk

    Source: The Conversation – Canada – By David R Boyd, UN Special Rapporteur on human rights & environment and Associate Professor of Law, Policy and Sustainability, University of British Columbia

    Penalties imposed on corporate polluters in Canada are often extremely lenient. (Dennis MacDonald/ Shutterstock)

    Millions of kilograms of toxic pollutants, over 17,000 deaths annually and environmental laws that aren’t being diligently enforced. This is the troubling picture that emerged when we, a group of environmental researchers, investigated trends in air pollution enforcement in Canada.

    Federal and provincial governments share responsibility for regulating air pollution. However, environmental laws and regulations are only useful if they’re properly enforced. Our research shows Canada needs to take greater action in enforcing the widely endorsed “polluter pays” principle for air pollution. According to this principle, those who produce pollution should pay for cleaning up any environmental damage.

    We built a publicly-available dataset in Canada of air pollution enforcement actions. We scoured all available sources, creating a database of more than 2,200 enforcement actions that took place between 2000 and 2020 from eight provinces as well as the federal government. This helped us identify patterns in the way air pollution laws were being enforced.

    Broken rules

    One of the disappointing patterns we saw is that the majority of enforcement actions in our dataset — 63 per cent — were against individuals for offences such as illegal campfires. Meanwhile, only one-third of enforcement actions were brought against companies — including those that had dumped vast volumes of toxic substances into Canada’s air, or caused catastrophic emissions offences (such as the Toronto Sunrise Propane explosion).

    Even in the uncommon cases where rules were enforced against large corporations, the penalties imposed were extremely lenient. These penalties amounted to barely a slap on the wrist for repeat industrial polluters.

    For example, the mining corporation Rio Tinto was fined $150,000 in Québec for breaking air pollution laws in 2013. This fine equated to only 0.00023 per cent of the company’s annual revenue. To put this into perspective, if a Canadian family earning the average income of $62,900 after taxes was given a 0.00023 per cent fine, this would equate to $14.47.

    It’s not surprising, then, that this company would go on to violate air pollution laws again less than one month later. They also violated these laws again in 2016 and 2019.

    Even the relatively small fine of $150,000 is well above the median fine for industrial air polluters. According to our study, fines ranged from $2,500 to $10,000 for most types of offences — including excess emissions or violating an environmental standard. This is less than some people would be fined for driving with a suspended licence. These fines are less than one per cent of the maximum penalties permitted by law for environmental offences — which range up to $12 million.

    Another concerning pattern our study revealed is that some large industrial polluters are repeat offenders. While government policies indicate there should be increasingly strict enforcement applied in these cases, this doesn’t appear to be the general practice. Instead, chronic law-breakers tended to receive multiple warning letters — not increasingly large fines or prosecutions.

    For instance, over the last five years, four provincial orders were reportedly issued against INEOS — one of the world’s largest chemical production companies. These orders were issued so the company would address its benzene emissions. This toxic chemical is linked with cancer.

    Following federal and provincial orders to reduce benzene emissions in 2024, INEOS decided to close the offending facility. The company was never fined for its toxic pollution.

    Enforcement actions don’t seem to be taking into account the way human and environmental health are jeopardized by industrial air pollution. Vulnerable or marginalized groups who live near large industrial facilities are particularly at risk of harm.

    We found that on average, businesses were generally fined less for committing an actual pollution violation — such as illegally dumping large quantities of contaminants into the air — than they were for failing to notify an enforcement agency that they’d committed a violation.

    Improving environmental enforcement

    Canadian enforcement agencies are failing to properly hold high-risk offenders and repeat offenders to account.

    But positive change is possible. Going forward, there are three key actions enforcement agencies should take:

    • Increased penalties: Polluters should pay for their pollution. The consequences of breaking the law should be proportional to the risks to public health and the environment. Substantial mandatory minimum fines should replace the current practice of warning letters and grossly inadequate tickets or fines.

    • Transparency: The public should have access to environmental information through standardized data on air pollution violations. This information should include who committed the violation, the details and location of what occurred and what was done about it. Ideally, the federal government would co-ordinate and publish all environmental enforcement data from across provinces the same way it publishes a national inventory of industrial pollutant releases.

    • Focus on high-risk offenses: The focus of enforcement actions should be on high-risk offenders, such as super-polluters (businesses that produce disproportionate volumes of air pollution relative to their competitors), repeat offenders and inter-provincial offenders.

    By properly enforcing environmental regulations, Canada can protect the public from the perils of poor air quality. This would also be a vital step towards realizing everyone’s right to a healthy environment — a right that was recently recognized in an amendment to the Canadian Environmental Protection Act.


    This story was co-authored by Claire Ewing, Senior Climate Action Specialist, who completed her Master’s of Science in Resources, Environment and Sustainability at the University of British Columbia in 2021.

    David R Boyd receives funding from the Social Sciences and Humanities Research Council of Canada.

    Amanda Giang receives funding from the Social Sciences and Humanities Research Council of Canada (SSHRC), Natural Sciences and Engineering Research Council of Canada (NSERC), and Environment and Climate Change Canada.

    – ref. Big corporations are getting away with catastrophic air pollution – putting Canadians at risk – https://theconversation.com/big-corporations-are-getting-away-with-catastrophic-air-pollution-putting-canadians-at-risk-250013

    MIL OSI – Global Reports –

    February 27, 2025
  • MIL-OSI Global: ‘Buying Canadian’ is an opportunity to reflect on the ethics of consumerism

    Source: The Conversation – Canada – By Michael Walschots, Postdoctoral Fellow, Johannes Gutenberg University of Mainz

    Ever since Donald Trump threatened to impose a 25 per cent tariff on all imports from Canada, everyday citizens have retaliated by pledging to “Buy Canadian.” Even though the tariffs were later postponed, the damage was already done.

    The Buy Canadian movement is broad: people are not only buying more Canadian goods, they are also altering their travels plans and attempting to watch more Canadian-made films and TV.

    Local businesses have reported an increase in traffic, Air Canada has said it will decrease the number of flights to U.S. destinations and there are now apps and a website to help citizens find Canadian products.

    This new movement offers us the opportunity to reflect on the ethics of our consumption practices more generally, especially when consumers co-ordinate their purchasing on a national scale. As consumers, we all have a responsibility to use our buying power in an ethically conscious way.

    A CBC News report on how consumers are using apps to help them buy Canadian products.

    Boycotts and buycotts

    Most of us as consumers decide what to buy based on the price and quality of goods. But our values play a role in our decision-making: what we buy and where we buy it is influenced by our beliefs. Last year, for instance, many Canadians boycotted Loblaws on the grounds that it was price gouging amid inflation.

    A boycott is just one way of altering our habits based on our values. Another way is a “buycott”; that is, intentionally buying products from companies we feel align with our values. The Buy Canadian movement itself is best described as a buycott, but for many, it’s also a boycott of American-made goods.

    The reasons behind consumers choices are essential here. For example, we might avoid buying certain cosmetics because we are opposed to animal testing. Or we might vote with our forks and eat at farm-to-table restaurants to combat climate change.

    Our choices are often complex and motivated by many concerns: I might buy eggs from my local farmers market not only because I want to support local businesses, but also to encourage the fair treatment of animals and express my frustration with high prices at chain stores.

    Social change and co-ordinated consuming

    One of the most important reasons behind many of our consuming practices is social change: we want to change the way others, and we as a society, behave. Consuming for social change is particularly effective when it is done by a co-ordinated group that shares certain values.

    Consider the practice of buying fair trade coffee: by means of proper certification and product labelling, consumers give coffee companies an economic incentive to treat farmers more equitably.

    This is a huge power that consumers have. But with great power comes great responsibility, so when we make co-ordinated consuming efforts, we need to think about how to do so responsibly.

    Not all co-ordinated consuming efforts are ethically permissible. Consider a reprehensible but particularly relevant example: in the 1930s, initiatives developed to encourage consumers not to buy Jewish products in Germany, other European countries and the U.S. Such a practice was wrong not only because it was motivated by hatred, but also because it deprived a group of citizens of their freedom of religion.

    Another more recent example concerns the Christian American Family Association which boycotted Walt Disney, Ford and other businesses because of their support of same-sex couples. This boycott was wrong not only because it was motivated by discriminatory beliefs, but also because it did not representative how many other people feel.

    The moral here is that social change should not only be influenced by well-co-ordinated groups, because the loudest voices are not the only ones, nor are they necessarily the right ones.

    Ethical boycotting

    How do we make sure that our co-ordinated consuming efforts are ethical? Philosophy professor Waheed Hussain argued that when we act as a co-ordinated group seeking to achieve social change, we should treat our consuming choices as “proto-legislative” — that is, as if they could become legislation.

    This is because our efforts in this context are no longer aimed at merely satisfying our self-interest, but the common good, and so the standards should be higher. We should act in ways that are appropriately representative and that do not deprive our fellow citizens of their freedoms. Furthermore, Hussain argued that the reasons behind our consumption practices should be public and subject to scrutiny by our fellow citizens.

    When we seek to effect social change across national boundaries, it has been argued that we should not impose our ideals of social change on foreign citizens. In this case our choices are subject to additional constraints. We should respect the values of the target country, for instance, and use our purchasing power in ways that help local workers and communities there.

    What this all means for the Buy Canadian movement is a complex question. For instance, it might mean that a boycott of American products should not include some states like Kentucky, whose governor has openly opposed the tariffs. But at the very least, it’s an opportunity for us to reflect on the immense power we have as consumers, as well as the responsibilities that go along with it.

    Michael Walschots receives funding from the German Research Foundation. In the past he has received funding from the Social Sciences and Humanities Research Council of Canada, the Alexander von Humboldt Foundation and the German Academic Exchange Service

    – ref. ‘Buying Canadian’ is an opportunity to reflect on the ethics of consumerism – https://theconversation.com/buying-canadian-is-an-opportunity-to-reflect-on-the-ethics-of-consumerism-249830

    MIL OSI – Global Reports –

    February 27, 2025
  • MIL-OSI Global: Canada is one step closer to high-speed rail, but many hurdles remain

    Source: The Conversation – Canada – By Ryan M. Katz-Rosene, Associate Professor, School of Political Studies, with Cross-Appointment to Geography, Environment and Geomatics, L’Université d’Ottawa/University of Ottawa

    Canada is the only G7 country without a high-speed rail line, yet not for lack of trying. Over the last half century, numerous high-speed rail projects have been proposed, studied and even approved by political leaders. The obstacles to actually getting them built have proven insurmountable thus far.

    Proponents of high-speed rail had much to celebrate earlier this month when Prime Minister Justin Trudeau announced Alto, a high-speed train line that will connect Québec City and Toronto, with stops in Trois-Rivières, Laval, Montréal, Ottawa and Peterborough.

    After a lengthy tender process, the $3.9 billion six-year contract was awarded to the Cadence consortium, which comprises Air Canada, CDPQ Infra, AtkinsRéalis, Keolis, SYSTRA and SNCF Voyageurs. The consortium will work with the federal government to bring the proposed high-speed rail line to fruition.

    Yet, while this announcement is a milestone, multiple political and economic hurdles must be cleared for this project to ever see the light of day.

    Politically uncertain future

    Four main challenges stand between Trudeau’s announcement and the first high-speed journey. The first is the current political context. With an election on the horizon, the project’s fate could hinge on which party forms the next government.

    Trudeau announced the project less than a month before the pre-determined end to his tenure as prime minister, and it remains unclear who will be Canada’s next, how long their term will last or which party (or coalition) will form the next government.

    Conservative Party leader Pierre Poilievre currently leads the polls, and although his party has expressed support for high-speed rail infrastructure, it also has called for a major scaling back of government spending.

    History could very well repeat itself if Poilievre comes to power and cancels the project — just as Ontario Premier Doug Ford paused funding and halted plans for the high-speed rail project his Liberal predecessor, Kathleen Wynne, had announced upon taking office.

    The federal Conservatives have already criticized the recent high-speed rail announcement. In contrast, Mark Carney, who is currently the frontrunner for the Liberal Party’s leadership, has expressed support for high-speed rail, but he has also made comments about the need to reduce spending.

    The cost factor

    Beyond political risk, the second major challenge is cost. Canadian governments have, on multiple occasions, engaged in commercial feasibility studies of high-speed rail projects, only to abandon plans once a clearer sense of the price tag emerged.

    The recent announcement involves a $3.9 billion federal commitment — but this funding is only for the next design phase of the project. This phase includes route planning, station location identification, environmental assessments and consultation with Indigenous communities.

    At the end of this multi-year phase, there should be a plan in place, but there will still not be any actual material infrastructure built or rail equipment purchased.

    The actual costs of construction and physical asset procurement remain uncertain, with estimates ranging from $80 to $120 billion. Considering the cost of other high-speed rail projects around the world, a 1,000 kilometre high-speed rail line would likely cost tens of billions of dollars.

    Regional politics and fairness

    The third obstacle lies in inter-provincial and regional politics. Large-scale infrastructure projects in Canada have faced resistance from provinces that feel excluded, and this high-speed rail initiative is no exception.

    One study on the political economy of Canadian high-speed rail identified inter-provincial and regional politics as a central challenge for a costly Québec-Ontario project such as this one.

    Ottawa risks being accused of funnelling billions of taxpayer dollars into a massive infrastructure project that only directly benefits two of Canada’s provinces. This could create friction with the Western provinces, the Prairies, the Maritime provinces and the Northern territories, whose leaders and residents may ask what they might get in return.

    An additional challenge is the perception that the project is a Trudeau-era legacy initiative. Some may see the investment as another example of “Laurentian elites” disproportionately benefiting from the nation’s resource wealth — a long-standing narrative used to critique inter-provincial economic disparities.

    Time and execution

    Finally — though not exhaustively — time itself could prove to be a hurdle. The current co-development phase of the project is expected to last up to five years, after which additional funds and decisions will be required before the build phase can begin.

    Even if the project goes ahead, large-scale infrastructure projects are notoriously prone to delays and cost overruns. There is a well-known saying in megaproject development: projects like this tend to be “over budget, over time, over and over again.”

    This raises concerns that Alto could face serious delays or even failure, as the proposed plan needs to sustain not only the next five years of inter-provincial and federal politics, but also the subsequent build phase.

    A cautionary example is California’s high-speed rail line, which originally intended to link San Francisco and Los Angeles by 2020 at a cost of US$33 billion. Today, only a portion of the infrastructure has been built, cost estimates now exceed US$128 billion, neither major city is yet connected and there is no clear completion date in sight.

    Possibility of transformation

    The Alto project marks a significant step toward Canada joining the ranks of nations with high-speed rail. However, political and economic realities serve as a reminder that many obstacles have yet to be overcome before that vision becomes reality.

    If done right, this project could usher in a new era of 21st-century sustainable transport infrastructure in Canada.

    If done wrong, the project will rack up costs, sow political division and waste taxpayers’ dollars. How domestic political economic realities evolve in the coming months and year will have a significant bearing on whether this is the high-speed rail plan that finally breaks through.

    Ryan M. Katz-Rosene does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Canada is one step closer to high-speed rail, but many hurdles remain – https://theconversation.com/canada-is-one-step-closer-to-high-speed-rail-but-many-hurdles-remain-250384

    MIL OSI – Global Reports –

    February 27, 2025
  • MIL-OSI Canada: W̱SÁNEĆ Leadership Council, B.C. and Canada advance reconciliation with statement

    Source: Government of Canada regional news

    From Crown-Indigenous Relations and Northern Affairs Canada: https://www.canada.ca/en/crown-indigenous-relations-northern-affairs/news/2025/02/history-made-as-eitkenist-i-sewalnonet-sci-a-joint-statement-by-the-wsanec-chiefs-of-tsartlip-tseycum-first-nations-the-minister-of-crown-indigenou.html

    The Government of Canada, the province of British Columbia, and the Tsartlip and Tseycum First Nations – have signed the ŦE,ITḴEN,IST I SȽEW̱ÁL,NOṈET SĆȺ,Í, a joint statement that’s name translates to ‘Moving Forward and Speaking the Truth and Peace of Mind at Last’.

    The Joint Statement is the first time Canada and British Columbia have formally recognized that the W̱SÁNEĆ Nation – which includes but is not limited to the Tsartlip and Tseycum First Nations – is the beneficiary of and successor to the North Saanich and South Saanich Treaties of 1852.

    It acknowledges there are differing perspectives, a written and oral version of the North and South Saanich Treaties, and that a lack of government recognition and understanding of W̱SÁNEĆ’s oral history and W̱SÁNEĆ’s view of the spirit and intent of the North Saanich and South Saanich Treaties resulted in negative impacts. This statement is a first step on the path to healing, lasting reconciliation, and renewal.

    Quotes:

    “Today’s joint statement is a long overdue acknowledgment of W̱SÁNEĆ oral history and sacred rights and obligations to the territory we have lived on since time immemorial. By working to understand the Treaties through the lens of W̱SÁNEĆ worldview, B.C. and Canada are at last taking meaningful first steps to true reconciliation, paving the way for new opportunities and a better quality of life for our families and future generations.”

    – Chief Don Tom, Tsartlip First Nation

    “Today marks an important step forward in our shared journey of truth-telling and reconciliation. In signing this Joint Statement, we are laying the foundation for a better relationship with the Crown, one based in recognition. In the past, our communities have faced difficulties having the Crown recognize us as beneficiaries of the North and South Saanich Treaties and this has prevented progress and growth. This Joint Statement sets that right. It means that we will not face that fundamental issue anymore, and we can get on with the reconciliation work we all need to be doing, building a better future for our children and all future generations of W̱SÁNEĆ.”

    – Chief Tanya Jimmy, Tseycum First Nation

    “This co-developed Joint Statement with the Tsartlip and Tseycum First Nations and the Government of B.C. is a historic milestone in our shared journey toward reconciliation. Through this Statement we have set the stage for meaningful discussions and collaborative work to reconcile differing views, build understanding, and achieve shared solutions together that are based on respect for rights and true partnership. This has been years in the making and fulfills the promise that the First Nations have been waiting to be fulfilled for generations.”

    – The Honourable Gary Anandasangaree, Minister of Crown-Indigenous Relations

    “This statement is the result of a unique collaboration between the Tsartlip and Tseycum First Nations, B.C. and Canada that recognizes the special treaty relationship created by the North Saanich and South Treaties of 1852. Acknowledging our histories and honouring the spirit and intent of these treaties will help us work together for a stronger and better future for the W̱SÁNEĆ and all British Columbians.”

    – The Honourable Christine Boyle, B.C. Minister of Indigenous Relations and Reconciliation

    Learn More:

    The Agreement is available here: wsanec_joint_statement_2025-02-25.pdf

    MIL OSI Canada News –

    February 27, 2025
  • MIL-OSI USA: Boilermakers promote union workforce at 2025 PowerGen expo

    Source: US International Brotherhood of Boilermakers

    The International Brotherhood of Boilermakers promoted the union workforce in February in its fourth sponsorship of PowerGen. The event is an annual information and networking conference attended by 7,500 power generation professionals representing some of the world’s most prominent employers and contractors in the industry. 

    The Boilermakers sponsorship of the 2025 event in Dallas included a highly visible booth in the exhibit hall to showcase Boilermaker expertise. The goal of the union’s presence at PowerGen is to secure work opportunities across the U.S. and Canada. 

    Boilermaker representatives engaged with industry pros at the booth, highlighting what sets Boilermakers apart—from rigging, welding and mechanical aptitude to the union’s reputation for getting jobs done right the first time and delivering with excellence.

    Industry events like PowerGen serve as key networking opportunities, said Johnny Baca, Director of the M.O.R.E. Work Investment Fund. In some cases, the events reconnect the union with former Boilermakers who now run contracting firms, equipment companies and major energy projects. 

    “These relationships create valuable pathways to put Boilermakers to work across the evolving power sector,” he said. “The Boilermaker alumni network is a powerful tool that must be consistently leveraged to ensure the next generation of Boilermaker hands get their fair share of opportunities.”

    Beyond staffing the exhibit hall booth, Boilermaker representatives attended critical discussions offered at the event, including new trends in the Inflation Reduction Act (IRA), union job growth and the future of power generation. Key topics included carbon capture, coal, natural gas, geothermal and the resurgence of nuclear energy—all of which present major opportunities for Boilermaker man-hours.

    “As data centers and AI-driven energy demands surge, the Boilermakers are positioned at the forefront of emerging energy technologies,” Baca said. “Whether it’s traditional power generation, renewable expansion or advanced industrial applications, the battle never stops to ensure union Boilermakers are on site to lead the way.”

    The Boilermakers union began as a PowerGen sponsor in 2018. PowerGen describes itself as the “premier networking and business hub for power generation professionals and solution providers…bringing together power producers, utilities, EPCs, consultants, OEMs, and large-scale energy users.”

    MIL OSI USA News –

    February 27, 2025
  • MIL-OSI: WENDEL: 2024 Full-Year Results: a very active year, a dual model in place, strong value creation & a growing return to shareholders

    Source: GlobeNewswire (MIL-OSI)

          

    2024 Full-Year Results: a very active year, a dual model in place, strong value creation & a growing return to shareholders

    Fully diluted1 Net Asset Value per share of €185.7,
    representing a +16.9% year-over-year value creation, adjusted for the dividend paid

    Dividend boosted at €4.7 per share, up +17.5% year-over-year

    Strong portfolio rotation: more than €2 billion of capital reallocation

    Significant expansion of the Asset Management platform in Europe and US, and development of our dual business model towards more recurring cash flows and growth

    Fully diluted Net Asset Value2as of December 31, 2024: €185.7 per share, up +14.4%

    • Value creation of +16.9%3 over 2024, adjusted for the €4 dividend paid in May 2024 reflecting:
      • The increase in Bureau Veritas’ share price (+28.3% YoY) on the back of the quality of its LEAP | 28 strategic plan
      • The changes in the valuation of unlisted assets, on a like-for-like basis, in line with their respective operating performances and multiples, and active management of private principal investments to create long term value through repositioning and accretive bolt-ons (Stahl, Scalian, and CPI).
      • The strong growth of IK Partners’ FRE to €69.9 million, above estimates (€60 million). IK Partners’ AuM up +24% in 2024, totaling €13.8 billion, with €3.4 billion raised.

    Delivering strong and recurring returns to shareholders, in line with the strategic roadmap published in 2023

    • Ordinary dividend of €4.70 per share for 2024, up +17.5% compared to 2023, to be proposed at the Annual Shareholders’ Meeting on May 15, 2025, representing slightly above 2.5%4 of NAV and a 4.8%5 yield vs share price as of February 21, 2025. This dividend level takes into account the first partial integration of Asset management activities into Wendel in 2024, which will be mechanically higher in 2025.
    • €100 million share buyback launched in October 2023 completed in July 2024. €92.5 million share bought back in 2024.

    Very active investment activity & capital allocation

    • Principal Investments:
      • €2.3 billion proceeds and value crystallization
      • €0.7 billion invested including €0.6 billion in Globeducate
    • Asset Management:
      • €0.4 billion invested for the acquisition of 51% of IK Partners
      • $1.13 billion will be invested in equity to acquire 75% of Monroe Capital, as announced on October 22, 2024 (closing expected in the first quarter of 2025)

    Strong financial structure and committed to remain Investment Grade

    • Debt maturity of 3.6 years with an average cost of 2.4%
    • LTV ratio at 7.2%6 as of December 31, 2024, and 22.9%7 on a pro forma basis taking into account future investment commitments in IK Partners funds and the acquisition of Monroe Capital.
    • Pro forma total liquidity of €1.28 billion as of December 31, 2024, including €0.4 billion in cash and €875 million in committed credit facility (fully undrawn)

    Reappointment of Wendel’s Executive Board

    • On February 26, 2025, Wendel’s Supervisory Board decided to reappoint the members of the Executive Board.   Laurent Mignon has been reappointed Chairman of the Executive Board and David Darmon, Member of the Executive Board, Deputy CEO, for a period of four years ending to April 6, 2029

    Net income, Group share at €293.9 million, showing a strong increase

    • The net income from operations rose from €711 million to €753.7 million, up 6%.
    • Net income, group share, at €293.9 million in 2024, compared with €142.4 in 2023, due to the disposal of Constantia Flexibles in 2024.
    Laurent Mignon, Wendel Group CEO, commented:

    “2024 was a very active year for Wendel and its portfolio companies. Fully diluted net asset value growth, adjusted for the €4 dividend paid in 2024, was 16.9%, driven in particular by the good share price and operational performance of Bureau Veritas and the strong growth of our new third-party asset management business.

    We continued to execute our strategic plan, as detailed in 2023, with determination, rigour and financial discipline.

    In 2024, we further improved our cash flow generation and value creation profile, notably with the announced acquisition of Monroe Capital, which will give us critical mass to develop our third-party asset management platform. We also focused on premium assets in our principal investments activites, highlighted by the acquisition of Globeducate in October 2024.

    These value-creating and recurring cash flow generating transformations now enable us to propose a dividend that is 17.5% higher than last year, reaching 4.70 euros for the financial year 2024.Our transition to a dual model is now well grounded, with top partners in asset management such as IK Partners in private equity and Monroe Capital in private credit, bringing third-party assets under management to more than 33 billion euros.The priorities of Wendel’s teams are to create value on existing assets, to successfully build the private asset management platform around IK Partners and Monroe Capital, and to maintain a solid financial structure.

    I would like to thank the members of the Supervisory Board for their renewed full support, as well as the Wendel teams who are skillfully accompanying our value-creating transformation.

    In 2025, Wendel’s teams will pursue the roadmap defined two years ago, supporting our principal investments companies in their value creation process, building the third-party asset management platform through the successful integration of Monroe Capital, the continued development of IK Partners as well as the implementation of commercial synergies between the two entities, and continuing to have an agile management of our balance sheet to seize the right opportunities, while maintaining a solid financial structure. We are confident that the development of this dual model will continue to create more value and more recurring returns for our shareholders.”

    Wendel’s net asset value as of December 31, 2024: €185.7 per share on a fully diluted basis

    Wendel’s Net Asset Value (NAV) as of December 31, 2024, was prepared by Wendel to the best of its knowledge and on the basis of market data available at this date and in compliance with its methodology.

    Fully diluted Net Asset Value was €185.7 per share as of December 31, 2024 (see detail in the table below), as compared to €162.3 on December 31, 2023, representing an increase of +14.4% since the start of the year and + 16.9% restated from the dividend paid in 2024. Compared to the last 20-day average share price as of December 31, the discount to the December 31, 2024, fully diluted NAV per share was -49.6%.

    Bureau Veritas contributed very positively to Net Asset Value, as end of December 2024, its 20-day average share price was up strongly YTD (+32.5%). IHS Towers (-28.0%) and Tarkett (+15.4%) share price impacts were negligible given the weight of Bureau Veritas in NAV. Total value creation per share of listed assets was therefore +€25.9 on a fully diluted basis over the course of 2024.

    Unlisted asset contribution to NAV was negative over the course of the year with a total change per share of -€4.9 reflecting selective assets’ operational performances offsetting the good performance from CPI.

    Asset management activities were consolidated and accounted in the NAV for the first time at the end of June following the acquisition of IK Partners. There is no sponsor money included in the NAV yet, as no capital has been called. IK Partners’ valuation is up by €6.0 per share, driven by strong performance and positive market multiples evolution.

    Cash operating costs, Net Financing Results and Other items impacted NAV by -€1.0, as Wendel benefits from a positive carry. The impact of year-to-date share buyback activity would be +€1.4 per share as of December 31, 2024.

    Total Net Asset Value creation per share amounted to €27.4 in 2024.

    Fully diluted NAV per share of €185.7 as of December 31, 2024

    (in millions of euros)     12/31/2024 12/31/2023
    Listed investments Number of shares Share price (1) 3,793 3,867
    Bureau Veritas 120.3m/160.8m €29.5/€22.2 3,544 3,575
    IHS 63.0m/63.0m $3.2/$4.4 192 251
    Tarkett   €10.5/€9.1 57 40
    Investment in unlisted assets (2) 3,612 4,360
    Asset Management Activities (3) 616 –
    Other assets and liabilities of Wendel and holding companies (4) 174 6
    Net cash position & financial assets (5) 2,407 1,286
    Gross asset value     10,603 9,518
    Wendel bond debt     -2,401 -2,401
    IK Partners transaction deferred payment -131 –
    Net Asset Value     8,071 7,118
    Of which net debt     -124 -1,115
    Number of shares     44,461,997 44,430,554
    Net Asset Value per share €181.5 €160.2
    Wendel’s 20 days share price average   €93.5 €79.9
    Premium (discount) on NAV -48.5% -50.1%
    Number of shares – fully diluted 42,466,569 43,302,016
    Fully diluted Net Asset Value, per share €185.7 €162.3
    Premium (discount) on fully diluted NAV -49.6% -50.7%

    (1)   Last 20 trading days average as of December 31, 2024, and December 31, 2023.
    (2)   Investments in unlisted companies (Globeducate, Stahl, Crisis Prevention Institute, ACAMS, Scalian and Wendel Growth as of December 31, 2024. As of Dec 31,2023 also included Constantia Flexibles and excluded Globeducate). Aggregates retained for the calculation exclude the impact of IFRS16.
    (3)   IK Partners’ activity, no sponsor money at this stage.
    (4)   Of which 1,995,428 treasury shares as of December 31, 2024, and 1,128,538 treasury shares as of December 31, 2023
    (5)   Cash position and financial assets of Wendel & holdings.

    Assets and liabilities denominated in currencies other than the euro have been converted at exchange rates prevailing on the date of the NAV calculation.
    If co-investment and managements LTIP conditions are realized, subsequent dilutive effects on Wendel’s economic ownership are accounted for in NAV calculations. See page 246 of the 2023 Registration Document.

    Wendel’s Principal Investments’ portfolio rotation

    In 2024, Wendel has realized a total of €2.3 billion in disposals for its own account and has invested c.€0.7 billion, reflecting the acceleration of the diversification of its investment portfolio, in line with the strategy announced a few months ago:

    • Wendel announced on January 4, 2024, that it had completed the sale of Constantia Flexibles, generating total net proceeds9 for Wendel of €1,121 million for its shares, i.e. a valuation over 10% higher than the latest NAV on record before the announcement of the transaction (as at March 31, 2023).
    • Wendel announced on April 5, 2024, that it had successfully completed the sale of 40.5 million shares in Bureau Veritas, representing c.9% of the Company’s share capital, for total proceeds of approximately €1.1 billion. The transaction was carried out at a price of €27.127, or a discount of 3% from the previous day’s share price.
    • Wendel Growth realized its investment in Preligens, a leader in artificial intelligence (AI) for aerospace and defence, generating net proceeds to Wendel of c.€14.6 million, translating into a gross IRR of 28%10. In addition, Wendel Growth announced on June 11, 2024, the acquisition of a minority stake in YesWeHack through an equity investment of €14.5 million.
    • Wendel reinvested €43.7m in Scalian upon the acquisition of Mannarino on June 21, 2024. This Canadian company is a leading engineering services specialist for advanced technology R&D for the aviation sector, primarily in North America, with recognized expertise in safety-critical embedded software and systems.
    • On October 16, 2024, Wendel completed the acquisition of c.50% of Globeducate, one of the world’s leading bilingual K-12 education groups, from Providence Equity Partners. Wendel invested €607 million of equity, at an Enterprise Value of c.€2 billion11, to join Providence, and both firms will now own c.50% of the group.

    Wendel’s Asset Management platform evolution

    Acquisition of Monroe Capital dramatically expands Wendel’s Asset Management platform and rebalances its business model towards more recurring cash flows and growth

    Wendel announced on October 22, 2024 that it had entered into a definitive partnership agreement including the acquisition of 75% of Monroe Capital LLC (“Monroe Capital” or “the Company”) for $1.13 billion, and a sponsoring program of $800 million to accelerate Monroe Capital’s growth, and will invest in GP commitment for up to $200 million.

    For Wendel, the acquisition of a controlling stake in Monroe Capital, a private credit market leader focused on the U.S. lower middle market that has established an outstanding track record, would represent a significant and transformational advancement of the strategy it announced in March 2023 to develop its third-party asset management platform to complement its longstanding Principal Investment business.

    With IK Partners and Monroe Capital, Wendel’s third party asset management platform will reach more than €33 billion in AUM12, and should generate, on a full year basis, c.€ 455 million revenues, c.€160 million pre-tax FRE (c.€100 million in pre-tax FRE (Wendel share) in 2025. Wendel’s objective is to reach €150 million (Wendel share) in pre-tax FRE in 2027.

    Third Party Asset Management value creation and performance

    2024 performance

    Over 2024, IK Partners had particularly strong activity, generating a total of €163.3 million in revenue, up 31% YoY, and a strong growth of FRE to €69.9 million. Total Assets under Management (€13.8 billion, of which €3 billion of Dry Powder13) grew by 24% since the beginning of the year, and FPAuM14 (€10.1 billion) by 33%. Over the period, €3.4 billion of new funds were raised (IK X, IK PF III, IK SC IV and IK CV I) and 11 exits have been announced, for over €1.6 billion.

    Sponsor money invested by Wendel

    Wendel committed €500 million in IK Partners funds, of which €300 million in IK X. These commitments have not yet been called as of December 31, 2024.

    Principal Investment companies’ value creation and performance

    Figures post IFRS 16 unless otherwise specified.

    Listed Assets: 36% of Gross Asset Value

    Bureau Veritas’ LEAP | 28 strategy delivers outstanding results in 2024; Confident 2025 outlook

    (full consolidation)

    Revenue in 2024 amounted to €6,240.9 million, a 6.4% increase year-on-year. The organic increase was 10.2% (including 9.6% in the fourth quarter) benefiting from robust underlying trends across businesses and geographies.

    Adjusted operating profit increased by 7.1% to €996.2 million. This represents an adjusted operating margin of 16.0% up 11bps on a reported basis and up 38 bps at constant currency.

    Bureau Veritas posted a record free cash flow of €843.3 million (+27.9% year-on year). As of December 31, 2024, adjusted net financial debt was €1,226.3 million, i.e. 1.06x EBITDA, compared with 0.92x at December 31, 2023.

    In line with LEAP I 28 plan focused portfolio strategy and through active portfolio management, in 2024 Bureau Veritas completed: i) the acquisition of 10 bolt-on companies for a total annualized revenue of c. €180 million; ii) the divestment of its Food testing business and of a technical supervision business on construction projects in China (c. € 165 million in annualized combined revenue). Bureau Veritas ended the year with its inclusion in the CAC 40, the benchmark index of the Paris stock exchange. This achievement underscores the Group’s consistent operational success and marks a significant milestone in Bureau Veritas’ remarkable journey.

    2025 outlook

    Building on a strong 2024 momentum, a robust opportunities pipeline, a solid backlog, and a strong underlying market growth, and in line with LEAP | 28 financial ambitions, Bureau Veritas expects to deliver for the full year 2025:

    • Mid-to-high single-digit organic revenue growth;
    • Improvement in adjusted operating margin at constant exchange rates;
    • Strong cash flow, with a cash conversion15 above 90%.

    For further details: group.bureauveritas.com

    IHS Towers – IHS Towers will report its FY 2024 results in March 2025

    Tarkett reported its annual results on February 20, 2025

    For more information: https://www.tarkett-group.com/en/investors/

    Unlisted Assets: 34% of Gross Asset Value

    (in millions) Sales EBITDA Net debt
      2023 2024 2023 including IFRS 16 2024     including IFRS 16 Δ End of December including IFRS 16
    Stahl €913.5 €930.2 €204.0 €206.9 +1.4% €383.8
    CPI $138.4 $150.1 $68.6 $74.0 +7.8% $378.2
    ACAMS $102.9 $102.1 $24.6 $25.1 +2.0% $165.0
    Scalian €539.9 €533.4 €63.9 €59.8 -6,3% €345.6
    Globeducate(1) na €352.2 na €84.2 na na

    (1)   Globeducate acquisition was completed on October 16th, 2024. Globeducate fiscal year ends in August, and figures shown are last twelve months at the end of August 2024. Indian operations are deconsolidated and accounted for by the equity method due to the absence of audited figures for the year ending in August-24.

    Stahl – Total sales up +1.8% in 2024 despite market challenges in the automotive and luxury goods end-markets. Strong EBITDA margin of 22.2%. In 2024, Stahl completed its transformation into a pure-play specialty coatings formulator for flexible materials.

    (Full consolidation) 

    Stahl, the world leader in specialty coatings for flexible materials, posted total sales of €930.2 million in the full year of 2024, representing a total increase of +1.8% versus 2023.

    Organically, sales were slightly down -1.1%, in a context of tougher markets in automotive and luxury goods, while FX contributed -1.5%. Acquisitions contributed positively (+4.4%) to total sales variation.

    Full Year 2024 EBITDA16 amounted to €206.9 million (+1.4% vs. 2023), translating into a strong EBITDA margin of 22.2%, thanks to a disciplined margin and fixed costs management, as well as a good diversification across geographies and segments.

    Net debt as of December 31st, 2024, was €383.8 million17, versus €329 million at the end of 2023 and leverage stood at 1.7x18.

    On November 18, 2024, Stahl announced the sale of its Wet-end leather chemicals division, that marks an important step in the Group’s strategic journey. The proposed sale completes Stahl’s transformation into a pure-play specialty coatings formulator for flexible materials. The transaction is subject to customary closing conditions and is expected to close in H1 2025.

    Pro forma for the sale of the Wet-end leather chemicals business and the acquisition of Weilburger Graphics GmbH, 2024 sales would amount to c.€ 759 million, EBITDA to c.€180 million (i.e., a 23.7% margin) and leverage would stand at an estimated 1.6x. These transactions strengthen Stahl’s growth profile, with the company now better positioned for faster growth, and have an accretive impact on its EBITDA margin.

    Crisis Prevention Institute reports +8.5% revenue and +7.8% EBITDA growth

    (Full consolidation)

    CPI recorded 2024 revenues of $150.1 million, up +8.5% compared to 2023, or +8.4% organically (FX impact was +0.1%), resulting from strong growth in the consumption of training materials, signifying active training of broader staff throughout the Company’s primary customers in educational, healthcare and human services settings. In addition, the Company benefitted from continued growth in its Enterprise segment, a core strategic focus targeting large health systems.

    Full Year 2024 EBITDA was $74.0 million19, reflecting a margin of 49.3%. EBITDA was up +7.8% vs. last year while margins are stable (49.6% in 2023), despite investments to scale in International markets.

    As of December 31, 2024, net debt totaled $378.2 million20, or 4.6x EBITDA as defined in CPI’s credit agreement, following the c. $100 million dividend payment to Wendel in April of 2024. Given current leverage, CPI repriced its Term Loan and received a 50bps interest rate stepdown, or a c. $1.4 million annual savings.

    On January 21st, 2025, CPI announced the acquisition of Verge, a Norwegian leader in behaviour intervention and training. This acquisition extends CPI’s presence in the Nordics, and enhances CPI’s ability to support professionals worldwide, leveraging Verge’s innovative techniques to address challenging behaviours, aggression and violence.

    ACAMS – Total sales stable and improved 24.6% margin amid strong transformation momentum

    (full consolidation)

    ACAMS, the global leader in training and certifications for anti-money laundering and financial crime prevention professionals, generated 2024 revenue of $102.1 million, down 0.8% vs. 2023. The results for 2024 reflected continued growth and market expansion in North America and Europe, largely offset by soft sales in the Asia-Pacific region and from exhibition spend at certain conferences early in the year, slower sales to non-banking customers at consultancies and governments.

    EBITDA21 in 2024 was $25.1 million, up 2% vs. 2023, and reflecting a margin of 24.6%, up 70 bps year-over -year.

    As of December 31, 2024, net debt totaled $165.0 million22, slightly up from $155.8 million at the end of 2023, which represents 6.7x EBITDA leverage as defined in ACAMS’ credit agreement, with ample room relative to the 9.5x covenant level.

    This past year has been pivotal in the Company’s transformation, with the addition of CEO Neil Sternthal who joined from Thomson Reuters in early 2024 and subsequently made several additions to the senior leadership team, and shifted focus to core growth with large enterprise customers, product and market expansion including the introduction of its Certified Anti-Fraud Specialist certification (CAFS), and key investments in the technology platform. These critical investments are all geared toward advancing the impact of the Company’s mission of combating financial crime, accelerating its strategy and further developing its position as a technology-enabled provider of trusted information, data and analytics for the anti-financial crime (AFC) community.

    Management expects the significant changes will, over time, create a more robust platform for the global AFC community and a more scalable, consistent business model with accelerated growth for ACAMS.

    ACAMS anticipates modest growth in 2025 as the recent changes take hold with improved growth toward the end of the year and into 2026.

    Scalian – Slight decrease of total sales of -1.2% in 2024, in the context of continued market growth slowdown. EBITDA margin rate at 11.2%, down c. 60 bps, mainly due to lower utilization rate and the marked slowdown in certain sectors (automotive in Germany and civil aeronautics). Acquisition of Dulin in January 2024 and Mannarino in June 2024.

    (Full consolidation since July 2023.)  

    Scalian, a European leader in digital transformation, project management and operational performance consulting, reported total sales of €533.4 million as of December 31, 2024, a -1.2% decrease vs. 2023. The slowdown is spread across several sectors, particularly automotive in Europe and Aeronautics (supply chain disruptions). Sales are down -4.0% organically and benefited from a positive scope effect of +2.8%.

    Scalian generated an EBITDA23 of €59.8 million in 2024. The EBITDA margin rate stood at 11.2%, down c. 60 bps vs. 2023, mainly explained by lower utilization rate, partially offset by strict SG&A control.

    As of December 31, 2024, net debt24 stood at €345.6 million (leverage of 6.46x25 EBITDA).

    In 2024, Scalian announced the acquisition of Dulin Technology in January, a Spanish-based consulting firm specializing in cybersecurity for the financial sector, and Manarinno in June, a Canadian-based company that is a leading engineering services specialist with a unique know-how in advanced technology R&D for the aviation sector.

    Globeducate – Total sales up +10%26over LTM as of August 2024 Year-end. Strong EBITDA margin at 23.9%27in line with expectations.

    (Accounted for by the equity method. Globeducate acquisition was completed on October 16th, 2024. Globeducate fiscal year ends in August, and figures shown below are last twelve months at the end of August 2024 and first 3 months of the Globeducate year (September – November). Indian operations are deconsolidated and accounted for by the equity method due to the absence of audited figures for the year ending in August-24).

    Globeducate, one of the world’s leading bilingual K-12 education groups, posted total sales of €352.2 million1 for the full year ending in August 2024, representing a total increase of +10% year on year.

    EBITDA2 for the year ending in August amounted to €84.2 million, translating into a strong EBITDA margin of 23.9%, in line with expectations. This solid financial performance was fueled by a combination of organic and external growth.

    Over the first quarter of Globeducate’s fiscal year (September – November), Globeducate completed 3 acquisitions: Olympion School in Cyprus, and Ecole des Petits and Battersea in the UK.

    Net debt as of November 30th, 2024, was €490 million28 and leverage3 stood at 6.2x.

    Consolidated Accounts

    On February 26, 2025, Wendel’s Supervisory Board met under the chairmanship of Nicolas ver Hulst and reviewed Wendel’s consolidated financial statements, as approved by the Executive Board on February 21, 2025. The audit procedures by the statutory auditors on the consolidated financial statements are underway. The audit report would be released mid-March 2025. 

    Wendel Group’s consolidated net sales29 totaled €8,063.5 million, up +13.1% overall and up +8.4% organically. FX contribution is -3.9% and scope effect is +8.6%.

    The overall contribution of Group portfolio companies to net income from operations, Group share amounted to €274.1 million, down -24.3% year on year impacted by the disposal of Constantia and the sale of 25% of the stake in Bureau Veritas. Net income from operation, Group share, was €232.7 million, down -5.8%.

    Financial expenses, operating expenses and taxes at Wendel SE level totaled €63.0 million (of which €22.4 million non-cash), down -45.4% from the €115.3 million (of which €25.3 million non-cash) reported in 2023. Operating expenses are slightly down and financial expenses are positive with a positive carry of cash generating €35.6 million. 2024 is impacted by a goodwill depreciation of €188.2 million, mainly related to Scalian and the Stahl’s wet-end division, which is in the process of being sold.

    Net income Group share €293.9 million strongly up vs.€142.4 million in 2023, reflecting a €418.6 million capital gain group share from the disposal of Constantia Flexibles in H1 2024.  

    ESG achievements

    Non-financial ratings: Wendel improves its CSA rating from S&P, confirms its inclusion in the DJSI World and Europe.

    For the sixth year in a row, Wendel has been included in the Dow Jones Best-in-Class (previously Dow Jones Sustainability Indices) World and Europe indices, making it one of the top 10% of companies in terms of sustainability in the Diversified Financials category. With a score of 76/100 in its category, Wendel is well above the average for its sector (26/100). This rating places Wendel in the top 1% of its sector “FBN Diversified Financial Services and Capital Markets”

    Through the review of the Corporate Sustainability Assessment questionnaire, S&P Global assesses the ESG (Environment, Social, Governance) performance of listed companies in different industries since 1999. The top 10% of companies with the best performance in terms of sustainability, according to criteria defined for each industry, are included in the Dow Jones Best-in-Class Indices (previously Dow Jones Sustainability Indices).

    New ESG roadmap 2024-2027

    In 2024, Wendel defined a new ESG roadmap, approved by the Supervisory Board and the Executive Board, notably to take into account the Group’s recent strategic developments, including the new third-party asset management activity (IK Partners and Monroe Capital acquisitions).
    This roadmap includes five priorities: Governance & Business Ethics, Reliability of extra-financial information, Health & Safety, Climate change & adaptation, Parity.

    These five priorities will apply to all Wendel’ investment activities, encompassing both principal investment and third-party asset management. The detailed policies and action plans of the roadmap will be presented in the sustainability report included in the Group’s 2024 Universal Registration Document.

    Renewal of the Executive Board of Wendel

    On 26 February 2025, the Supervisory Board of Wendel decided to renew the appointments of Laurent Mignon and David Darmon as Chairman of the Executive Board of Wendel and Member of the Executive Board and Group Deputy CEO of Wendel, respectively, for a period of four years until 6 April 2029, with effect from 7 April 2025.

    Renewal of the appointments of members of the Supervisory Board

    At the General Meeting of 15 May 2025, it will be proposed to the shareholders that Nicolas ver Hulst, Priscilla de Moustier, Bénédicte Coste and François de Mitry be reappointed as members of the Supervisory Board for a further four-year term. If the renewal of their mandate is approved, Nicolas Ver Hulst will remain chairman of the Supervisory Board, Priscilla de Moustier and Bénédicte Coste will continue their roles on the Governance and Sustainable Development Committee, and François de Mitry will continue his role on the Audit, Risk and Compliance Committee.

    Agenda

    Thursday, April 24, 2025

    Q1 2025 Trading update – Publication of NAV as of March 31, 2025 (post-market release)

    Thursday, May 15, 2025

    Annual General Meeting

    Wednesday, July 30, 2025

    H1 2025 results – Publication of NAV as of June 30, 2025, and condensed Half-Year consolidated financial statements (post-market release)

    Thursday, October 23, 2025

    Q3 2025 Trading update – Publication of NAV as of September 30, 2025 (post-market release)

    Wednesday, December 10, 2025

    2025 Investor Day.

    About Wendel

    Wendel is one of Europe’s leading listed investment firms. Regarding its principal investment strategy, the Group invests in companies which are leaders in their field, such as ACAMS, Bureau Veritas, Crisis Prevention Institute, Globeducate, IHS Towers, Scalian, Stahl and Tarkett. In 2023, Wendel initiated a strategic shift into third-party asset management of private assets, alongside its historical principal investment activities. In May 2024, Wendel completed the acquisition of a 51% stake in IK Partners, a major step in the deployment of its strategic expansion in third-party private asset management and also announced in October 2024 the acquisition of 75% of Monroe Capital. Pro forma of Monroe Capital, Wendel manages more than 33 billion euros on behalf of third-party investors, and c.7.4 billion euros invested in its principal investments activity.

    Wendel is listed on Eurolist by Euronext Paris.

    Standard & Poor’s ratings: Long-term: BBB, stable outlook – Short-term: A-2 since January 25, 2019

    Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of “Grand Mécène de la Culture” in 2012.

    For more information: wendelgroup.com

    Follow us on LinkedIn @Wendel 

    Appendix 1: 2024 Consolidated sales and results

    2024 consolidated net sales

    (in millions of euros) 2023 2024 Δ Organic Δ
    Bureau Veritas 5,867.8 6,240.9 +6.4% +10.2%
    Stahl(1) 913.5 930.2 +1.8% -1.1%
    Scalian(2) 126.8 533.4 n.a. n.a.
    CPI 128.0 138.8 +8.4% +8.4%
    ACAMS(3) 91.6 93.7 +2.4% -0.6%
    IK Partners(4) n.a. 126.5 n.a. n.a.
    Consolidated sales 7,127.6 8,063.5 +13.1% +8.4%

    (1) Acquisition of ICP Industrial Solutions Group (ISG) since March 2023 (sales’ contribution of €89.7M vs €89.1M in 2023) and acquisition of Weilburger since September 2024 (sales’ contribution of €18.2M).                                                                        

    (2) Scalian, which had a different reporting date to Wendel (refer to 2023 consolidated financial statements – Note 2 – 1.” Changes in scope of consolidation in 2023″), realigns its closing date with Wendel group. Consequently, 2024 sale’s contribution correponds to 12 months’ sales between January 1st 2024 and December 31st 2024. Last year’s contribution corresponds to 3 months’ sales between July 1st 2023 and September 30 2023.

    (3) The sales include a PPA restatement for an impact of -€0.6M (vs -€3.4M as of 12M 2023). Excluding this restatement,the sales amount to €94.2M vs. €95.2M as of 12M 2023. The total growth of +2.4% include a PPA effect of +3,3%.                                         

    (4) Contribution of eight months of sales        

    2024 net sales of equity-accounted companies

    (in millions of euros) 2023 2024 Δ Organic Δ
    Tarkett (5) 3,363.1 3,331.9 -0.9% -0.4%
    Sales (Equity method) (6) 3,363.1 3,331.9 -0.9% -0.4%

    (5)Selling price adjustments in the CIS countries are historically intended to offset currency movements and are therefore excluded from the 
    “organic growth” indicator

    (6) Due to the recent acquisition date of the Globeducate group, its contribution is not yet included in Group sales.

    2024 consolidated results

    (in millions of euros) 2023 2024
    Contribution from asset management – 42.3
    Consolidated subsidiaries 826.3 774.4
    Financing, operating expenses and taxes -115.3 -63.0
    Net income from operations(1) 711.0 753.7
    Net income from operations, Group share 246.9 232.7
    Non-recurring income/loss -60.4 532.3
    Impact of goodwill allocation -120.4 -107.9
    Impairment 0.7 -188.2
    Total net income(2) 530.9 989.9
    Net income, Group share 142.4 293.9

    (1) Net income before goodwill allocation entries and non-recurring items.

    (2) -€85.2M of change in fair value for IHS recognized through OCI and €784M of capital gain on the Bureau Veritas bloc accounted for through equity.

    2024 net income from operations

    (in millions of euros) 2023 2024 Change
    Total contribution from asset management: IK Partners n/a 42.3 n/a
    Bureau Veritas 594.0 643.3 +8.3%
    Stahl 90.3 100.2 +11.0%
    Constantia Flexibles 115.2 – n/a
    CPI 20.7 22.2 +7.2%
    ACAMS 0.0 -0.7 n/a
    Scalian -2,8 -6.2 n/a
    Tarkett (equity accounted) 8.8 15.6 +76.2%
    Total contribution from Group companies 826.3 774.4 -6.3%
    of which Group share 362.1 274.1 -24.3%
    Operating expenses net of management fees -72.5 -72.2 -0.4%
    Taxes -1.5 -4.0 +169.8%
    Financial expenses -15,9 35.6 n/a
    Non-cash operating expenses -25.3 -22.4 -11.4%
    Net income from operations 711.0 753.7 +6.0%
    of which Group share 246.9 232.7 -5.8%

    Appendix 2: Fully diluted Net Asset Value bridge over 2024

    Appendix 3: Conversion from accounting presentation to economic presentation

    Please refer to table 7.1 of the consolidated statements.

    Appendix 4: Glossary

    • AUM (Assets under Management): Corresponding – for a given fund – to total investors’ commitment (during the fund’s investment period) or total invested amount (post investment period)
    • FRE (Fee-Related Earnings) : Earnings generated by recurring fee revenues (mainly management fees). It excludes earnings generated by more volatile performance-related revenues.
    • GP (General Partner): Entity in charge of the overall management, administration and investment of the funds. The GP is paid by management fees charged on assets under management (AuM)

    1 Fully-diluted NAV per share assumes all treasury shares are cancelled and a complementary liability is booked to account for all LTIP related securities in the money as of the valuation date.

    2 Fully diluted of share buybacks and treasury shares.

    3 Including the €4.0 per share dividend paid in 2024.

    4 Dividend payout calculated on the basis of fully-diluted NAV at the end of December 2024.

    5 Based on Wendel’s share price of €97.15 as of February 21, 2025.

    6 Including sponsor money commitment in IK (€-500m).

    7 Including sponsor money commitment in IK (€500m) and proforma of IK Partners transaction deferred payment (€-131m), Monroe Capital 100% acquisition (including estimated earnout and put on 25% of residual capital, i.e €-1.6bn) and GP commitments in Monroe Capital ($-200m for 2025).

    8 €2.4bn of cash as of December 31, 2024, restated from sponsor money commitment in IK (€-500m), IK Partners transaction deferred payment (€-131m), Monroe Capital 100% acquisition (including estimated earnout and put on 25% of residual capital, i.e €1.6bn) and GP commitments in Monroe Capital’s new strategies (c. $-200m for 2025).

    9 Net proceeds after ticking fees, financial debt, dilution to the benefit of the Company’s minority investors, transaction costs and other debt-like adjustments.
    10 Gross IRR of 28%. Net IRR of 26%.
    11 EV including IFRS 16 impacts. Excluding IFRS 16, EV stands at c.€1.86 billion.
    12 As of end of December 2024

    13 Commitments not yet invested

    14 Fee Paying AuM

    15 (Net cash generated from operating activities – lease payments + corporate tax)/adjusted operating profit

    16 EBITDA including IFRS 16 impacts, EBITDA excluding IFRS 16 stands at €201.0m.

    17 Including IFRS 16 impacts. Net debt excluding the impact of IFRS 16 was €364.4m.

    18 Leverage as per credit documentation definition.

    19 Recurring EBITDA post IFRS 16. Recurring EBITDA pre IFRS 16 was $72.8m

    20 Post IFRS 16 impact. Net debt pre IFRS 16 impact was $375.2m.

    21 EBITDA including IFRS 16. EBITDA excluding IFRS16 stands at $24.0m

    22 Including IFRS 16 impacts. Net debt excluding the impact of IFRS 16 was $164.2m.

    23 EBITDA including IFRS 16 impact. Excluding IFRS 16, EBITDA stands at €50.9 m. Mannarino taken into account for 6 months.

    24 Net debt including IFRS 16 impact. Excluding IFRS 16, net debt stands at €314.9 m.

    25 As per credit documentation (pre IFRS 16)

    26 Excluding Indian activities. Indian estimated revenue stands at €25 m.

    27 EBITDA including IFRS 16 impacts and excluding Indian activities. Indian estimated EBITDA stands at €9.8 m.

    28 As per credit documentation definition.

    29 Consolidated sales will be published only for Full Year and Interim results. For Q1 & Q3, sales by companies/activities will continue to be commented on an individual basis

    Attachment

    • Wendel_EN_FY 2024

    The MIL Network –

    February 27, 2025
  • MIL-OSI: Dundee Corporation Continues To Advance Its Strategic Plan and Announces Proposed Sale of Its Interest in Android Industries

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) is pleased to announce that the ownership group of Android Industries, L.L.C. (“Android”) have agreed to sell their interest in Android. The Corporation holds a 20% interest in Android, a private company and leading high technology-enabled assembler and sequencer of complex assemblies for the automotive industry.

    As a result of this transaction, Dundee anticipates receiving cash proceeds of approximately C$24.5 million at closing, with an incremental C$6.9 million payable contingent upon the release of all escrows. “The sale of our 20% interest in Android Industries represents a significant milestone for Dundee as we rationalize what remains of our non-core legacy asset portfolio which is a key strategic initiative as we recycle our capital into our core mining business,” said Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation. “I would like to extend my congratulations to the team for their exceptional effort in getting this deal moved toward the finish line.  This divesture underscores the Corporation’s commitment to optimizing its asset portfolio and delivering value to shareholders.  We remain focused on executing on our strategic objectives and pursuing growth within the mining sector.”

    The transaction is subject to satisfying customary closing conditions and obtaining necessary regulatory approvals and is expected to close on or around the end of the first quarter of 2025.

    ABOUT DUNDEE CORPORATION:

    Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. Through its operating subsidiaries, Dundee Corporation is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than 30 years of experience making accretive mining investments.

    FORWARD-LOOKING STATEMENTS:

    This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Dundee Corporation’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dundee Corporation’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Annual Information Form of Dundee Corporation and subsequent filings made with securities commissions in Canada. Dundee Corporation does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Investor and Media Relations
    T: (416) 864-3584
    E: ir@dundeecorporation.com

    The MIL Network –

    February 27, 2025
  • MIL-OSI Canada: Showing support on Pink Shirt Day: Ministers Turton and Nicolaides

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

    February 27, 2025
  • MIL-OSI Security: Stephenville — RCMP NL’s MCU searches home in Port au Port as part of injured snowmobiler investigation

    Source: Royal Canadian Mounted Police

    RCMP NL’s Major Crime Unit (MCU) is continuing its investigation into a snowmobiler who was left with serious injuries following an incident in Port au Port on February 21, 2025. Police executed a search warrant at a home in Port au Port yesterday.

    At approximately 4:30 p.m. on Friday, February 21, 2025, Bay St. George RCMP responded to the report of an injured snowmobiler on Gravel’s Pond in Port au Port. The operator of the snowmobile fell from the machine after it came to a stop and sustained serious injuries that do not appear to be consistent with the fall from the snowmobile. The cause of the injury sustained remains under investigation by the RCMP MCU.

    Yesterday, February 25, 2025, as part of this investigation, a warrant to search a residential property, authorized under the Criminal Code, was obtained and executed by RCMP NL’s MCU at a home on Front Road in Port au Port West. A number of items were seized from the property.

    Police are continuing to ask for the public’s assistance, looking to speak with anyone who travelled along the isthmus, an area commonly known as the gravels, in Port au Port between the hours of 3:57 p.m. to 4:05 p.m. on Friday February 21, 2025. Motorists are asked to check for possible dash cam surveillance during that time and to provide the surveillance footage to police.

    The investigation is continuing. Anyone having information about the incident is asked to contact RCMP NL’s MCU by calling Bay St. George RCMP at 709-643-2118.

    Background:

    https://www.rcmp-grc.gc.ca/en/news/2025/rcmp-mcu-west-continues-investigation-injured-snowmobiler-port-au-port-seeks-publics

    MIL Security OSI –

    February 27, 2025
  • MIL-OSI Canada: Premier’s, minister’s statements on Pink Shirt Day

    Source: Government of Canada regional news

    Premier David Eby has issued the following statement marking Pink Shirt Day:

    “Today is Pink Shirt Day, a day for all of us to celebrate kindness and work together against bullying.

    “In 2007, two Nova Scotia high school students encouraged classmates to wear pink in support of a boy who had been teased for wearing a pink shirt. This act of solidarity inspired Pink Shirt Day, which is observed on the last Wednesday in February every year as Canada’s official anti-bullying day.

    “Bullying is still far too common. According to the 2019 Canadian Health Survey on Children and Youth, 71% of Canadian youth, ages 12 to 17, experienced at least one form of bullying in the previous reporting year. One in four reported being cyberbullied.

    “Our government is committed to making sure that every student in every community in B.C. feels safe and supported – at school and at home.

    “The Erase (expect respect and a safe education) program is dedicated to helping students, adults and school staff build safe, caring and inclusive school communities, and offers resource support for diversity and inclusion, mental health and substance use, and school and online safety.

    “Recognizing the significant harms that can result from online harassment and cyberbullying, we launched services to remove images from the internet and pursue predators who share images without consent.

    “We invested nearly $75 million over three years to enhance and expand Foundry services in the province. Foundry provides integrated health and wellness services for young people, ages 12 to 24, and allows young people to access mental-health care, substance-use services, physical and sexual health care, youth and family peer supports, and social services all in one location.

    “In B.C., we celebrate the diversity that makes our province strong and vibrant. There’s no place for bullying in schools, on the streets or at home.”

    Lisa Beare, Minister of Education and Child Care, said:

    “On the 18th anniversary of Pink Shirt Day, we join British Columbians taking a stand against bullying. Every MLA who celebrates this day recognizes our immense responsibility to do the work that keeps every child in B.C. safe.

    “Alongside our partners, we continue the critical work to make schools free from bullying and discrimination. Together, we must ensure that we create the environment where all B.C. students feel safe, cared for and included, so they can be their authentic selves at school and thrive out in the world.

    “Both as a minister and a parent, I am proud to celebrate this day. Now more than ever, we need everyone to come together to stand up to bullies.”

    MIL OSI Canada News –

    February 27, 2025
  • MIL-OSI Canada: New Health System Council; NSH Administrator Appointed

    Source: Government of Canada regional news

    The Province will establish a new Health System Performance and Accountability Council to improve health outcomes and experiences for Nova Scotians.

    The council will monitor the quality and performance of the health system and make evidence-based recommendations to the Minister of Health and Wellness in areas where there could be improvement.

    “We’ve made many improvements across our healthcare system, both behind the scenes and on the front lines to provide Nova Scotians with better and faster healthcare,” said Health and Wellness Minister Michelle Thompson. “We can always do more, and we will do more. This council will help us identify further areas of improvement to ensure patients continue to receive the care they expect and deserve.”

    Areas of focus for the council include acute care, primary care, addictions and mental health, public health and health promotion, emergency health services, and seniors and long-term care.

    The council will have between three and nine members appointed by the Minister of Health and Wellness. Members can serve up to a three-year term and can only be re-appointed once.

    The council will meet quarterly and report its recommendations to the Minister on or before August 1 each year.

    The government has also appointed Chris Power as the new administrator of Nova Scotia Health. She will take over from Janet Davidson, who held the position since 2021 and has resigned.

    “I want to thank Janet for her service and commitment to providing the leadership and guidance needed to support our journey to transform healthcare for Nova Scotians,” said Minister Thompson. “The work she has started will continue as we welcome Chris, who has extensive experience working in and providing leadership within our healthcare system.”

    Ms. Davidson’s resignation and Ms. Power’s appointment are both effective November 6.

    Action for Health is the government’s plan to improve healthcare in Nova Scotia. The Health System Performance and Accountability Council supports Solution 4 in the plan, to build accountability at every level.


    Quick Facts:

    • Nova Scotia will join provinces such as Alberta and Ontario that have quality councils in place to provide strategic, system-level advice on performance and improvement opportunities
    • Ms. Power began her career in healthcare as a front-line nurse and later became president and CEO of the former Capital District Health Authority.
    • she has served as CEO of the Canadian Patient Safety Institute, which later merged with the Canadian Foundation for Healthcare Improvement to become Healthcare Excellence Canada

    Additional Resources:

    Action for Health: https://novascotia.ca/actionforhealth/

    Mandate letter for the Minister of Health and Wellness: https://novascotia.ca/exec_council/letters-2021/ministerial-mandate-letter-2021-DHW.pdf


    MIL OSI Canada News –

    February 27, 2025
  • MIL-OSI Canada: New Centre for Internationally Trained Physicians Now Open

    Source: Government of Canada regional news

    Nova Scotia opened a new centre that will see internationally trained physicians get licensed faster to practise in communities across the province.

    The Physician Assessment Centre of Excellence and its clinic are now open with four internationally trained physicians who will be providing primary care to 2,600 patients. All patients are assigned from the Need a Family Practice Registry.

    “We know there are many talented and in-demand internationally trained doctors who are eager to practise primary care medicine in our beautiful province. This assessment centre is the first of its kind in North America, and it will get these doctors seeing patients much faster than before while providing the quality of care Nova Scotians expect,” said Michelle Thompson, Minister of Health and Wellness.

    The internationally trained physicians are supervised by a team of Nova Scotia physicians who will assess them for independent licensure. The program takes about 12 weeks to complete, and individuals who become licensed will be required to sign a three-year return-of-service agreement to practise in the province.

    The centre takes over from Dalhousie University’s Practice Ready Assessment Program, which did similar work and since 2019, issued 39 licences. The timeline was about 18 months from the date of application to licensure.

    It is anticipated that once the program is fully implemented, it will issue more licences than have been issued over the last five years. The duration of the new program is 12 continuous weeks if the candidate meets all requirements.

    Over time, the centre will expand to include five physician-led teams of up to three internationally trained physicians each. At full scale, the clinic will have capacity for 6,500 patients.

    The new centre is a partnership between the Province, the College of Physicians and Surgeons of Nova Scotia and the Medical Council of Canada, which oversees physician assessment standards in Canada.

    Quotes:

    “Having been a family physician for over 20 years in a more rural setting, I understand some of what internationally trained primary care providers will experience in our healthcare system. I welcomed the opportunity to become trained in workplace-based physician assessment, and I am excited to make a contribution to improving access to care by assessing internationally trained family care providers for practise in Nova Scotia.”
    — Dr. Andria MacAulay, physician assessor, Physician Assessment Centre of Excellence

    “PACE will help improve access to care for Nova Scotians. PACE has a hybrid mission: it will assess internationally trained family care providers for independent licensure while delivering excellent primary care in a busy clinic. It is the first primary care model of its kind in Canada.”
    — Dr. Gus Grant, Registrar and CEO, College of Physicians and Surgeons of Nova Scotia


    Quick Facts:

    • 28 per cent of new physicians who began practising in Nova Scotia last year were recruited internationally

    Additional Resources:

    News Release – New Centre to Support More International Medical Graduates: https://news.novascotia.ca/en/2024/10/08/new-centre-support-more-international-medical-graduates


    Other than cropping, Province of Noa Scotia photos are not to be altered in any way

    MIL OSI Canada News –

    February 27, 2025
  • MIL-OSI United Kingdom: World Trade Organisation 2nd Trade Policy Review of Ukraine – Joint Statement

    Source: United Kingdom – Executive Government & Departments 3

    News story

    World Trade Organisation 2nd Trade Policy Review of Ukraine – Joint Statement

    At the second Trade Policy Review of Ukraine, the UK and Members from across the WTO reiterated their unwavering solidarity and support for Ukraine in a joint statement at the World Trade Organization.

    We, the delegations of the undersigned WTO Members, on the occasion of the Second Trade Policy Review of Ukraine in the WTO, held on 26 and 28 February 2025, reiterate our full support for and solidarity with the people of Ukraine. We express our deep sadness at the devastating human losses and profound suffering caused by Russia’s ongoing war of aggression against Ukraine, which continues for the fourth year in gross violation of international law and the Charter of the United Nations.

    We reaffirm our commitment to Ukraine’s sovereignty, independence, and territorial integrity and call for the Russian Federation to immediately, completely and unconditionally withdraw all of its military forces from the territory of Ukraine within its internationally recognized borders.

    Russia’s war of aggression against Ukraine continues to have devastating global and regional impacts, including on Ukraine’s economy and ability to trade. The destruction of significant parts of Ukraine’s transport routes, port infrastructure, and grain storage facilities as well as the mining of millions of hectares of agricultural land is impeding Ukraine’s ability to produce, export, and import. We are gravely concerned about the consequences of this destruction for Ukraine and for global trade, in particular with regard to the supply to international markets of a number of key commodities produced by Ukraine, including agricultural and food products, fertilisers, and critical minerals. We are also deeply concerned by reports of attacks on civilian vessels transporting agricultural goods from Ukrainian Black Sea ports and millions of tonnes of grain being plundered by Russia from illegally occupied regions of Ukraine using falsified phytosanitary certificates and hiding vessels’ data. These actions violate the principles and values of the WTO.

    Ukraine is one of the world’s top exporters of key agricultural commodities such as wheat, maize, barley, soybeans and sunflower oil. We recognise Ukraine’s determination, despite Russia’s war of aggression, to ensure global food security and supply to some of the most vulnerable parts of the world, particularly developing countries and LDCs. In this regard, the “Grain from Ukraine” initiative, which has already helped to feed 20 million people in 13 countries, continues to be an important tool to help to respond to world hunger. We praise Ukraine’s achievement of maintaining under difficult conditions food exports by its Black Sea corridor to global markets and commend the ongoing functioning of the EU Solidarity Lanes and their contribution to global food security and Ukraine’s economy. This benefits all countries, notably the most in need. In this context, it is necessary to ensure free, full, and safe navigation in the Black and Azov Seas and that sea routes and ports are not threatened or blocked by threat of or use of force.

    We underscore the need to reach, as soon as possible, a comprehensive, just, and lasting peace in Ukraine, in full respect of Ukraine’s sovereignty and territorial integrity, based on the principles of the Charter of the United Nations. We welcome Ukraine’s efforts aimed at achieving peace, including through the principles laid out in the Peace Formula and Joint Communiqué on a Peace Framework adopted at the Summit on Peace in Ukraine on Bürgenstock. We reiterate that the Russian Federation must bear the legal consequences of all of its internationally wrongful acts, including making reparation for injury and loss, including for any humanitarian, economic, and environmental damage caused by such acts.

    We will continue work to support Ukraine and to facilitate its exports and supply chains for the benefit of global food security. We encourage all WTO Members to do likewise in a manner commensurate with their capacity, including by facilitating the use of infrastructure, as well as facilitating and simplifying customs procedures. Within the capacity of each WTO Member, we will continue to provide assistance to Ukraine to alleviate the suffering of the Ukrainian people. We will also continue to look for practical ways to help and assist Ukraine in its reconstruction efforts, economic recovery, activities, and projects to overcome the negative consequences of Russia’s war of aggression.

    Albania, Australia, Canada, Chile, European Union, Georgia, Iceland, Japan, Republic of Korea, Liechtenstein, Montenegro, New Zealand, Republic of Moldova, Norway, Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu, Switzerland, United Kingdom and Ukraine

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    Updates to this page

    Published 26 February 2025

    MIL OSI United Kingdom –

    February 27, 2025
  • MIL-OSI Security: Bay Roberts and Port aux Basques — RCMP NL arrests impaired drivers in North River and Port aux Basques

    Source: Royal Canadian Mounted Police

    Two drivers, one in North River and the other in Port aux Basques, were arrested by RCMP NL for impaired operation on February 25, 2025.

    At approximately 6:30 p.m. on Tuesday, Bay Roberts RCMP responded to a single-vehicle crash in North River. A vehicle was stuck in a snow bank on North River Road. Upon arrival, police observed signs of alcohol impairment and administered a roadside breath test on the driver, a 36-year-old man. The man failed the roadside breath test and was arrested for impaired operation. At the detachment, the man provided further breath samples that were more than twice the legal limit.

    Later that evening, shortly after 8:00 p.m., Channel-Port aux Basques RCMP were called to the Marine Atlantic Ferry Terminal in Port aux Basques to investigate a suspected impaired driver who was waiting to board the ferry. The driver, a 51-year-old man, failed a roadside breath test and was arrested for impaired operation. At the detachment, the man provided further breath samples that were more than three and a half times the legal limit.

    Both drivers were released from custody and are set to appear in court at later dates to answer to charges of impaired operation. Both drivers received licence suspensions and the vehicles were seized and impounded.

    Those who choose to drive while impaired by alcohol or drugs place themselves and all others who share the roadway at increased risk of serious injuries or death. RCMP NL thanks the public for continuing to report suspected impaired drivers.

    MIL Security OSI –

    February 27, 2025
  • MIL-OSI: Partners Value Split Corp. Announces $125,000,000 Public Offering of Class AA Preferred Shares, Series 15

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

    TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) — Partners Value Split Corp. (the “Company”) announced today that it has entered into an agreement to sell 5,000,000 Class AA Preferred Shares, Series 15 (the “Series 15 Preferred Shares”) to a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets and TD Securities Inc. on a bought deal basis.

    The Series 15 Preferred Shares will be issued at a price of $25.00 per share, for gross proceeds of $125,000,000. The Series 15 Preferred Shares will carry a fixed coupon of 5.15% and will have a final maturity of March 31, 2031. The Series 15 Preferred Shares have a provisional rating of Pfd-2 from DBRS Limited. The net proceeds of the offering will be used by the Company to pay a special dividend on the Company’s capital shares.

    The Company has granted the underwriters an option, exercisable in whole or part prior to closing, to purchase up to an additional 1,000,000 Series 15 Preferred Shares at the same offering price, which, if exercised in full, would increase the gross offering size to $150,000,000. Closing of the offering is expected to occur on or about March 5, 2025.

    The Company owns a portfolio consisting of approximately 119 million Class A Limited Voting Shares of Brookfield Corporation and approximately 30 million Class A Limited Voting Shares of Brookfield Asset Management Ltd. (collectively, the “Brookfield Securities”), which are expected to yield quarterly dividends that are sufficient to fund quarterly fixed cumulative preferential dividends for the holders of the Company’s preferred shares and to enable the holders of the Company’s capital shares to participate in any capital appreciation of the Brookfield Securities.

    Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. Brookfield Corporation has three core businesses: alternative asset management, wealth solutions, and its operating businesses which are in renewable power, infrastructure, business and industrial services, and real estate. Brookfield Corporation is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BN.

    Brookfield Asset Management Ltd. (“BAM”) is a leading global alternative asset manager with over US$1 trillion of assets under management across renewable power & transition, infrastructure, private equity, real estate, and credit. BAM’s objective is to generate attractive, long-term risk-adjusted returns for the benefit of its clients and shareholders. BAM is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BAM.

    Jason Weckwerth, Chief Financial Officer, will be available at (416) 363-9491 to answer any questions regarding the offering.

    This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and regulations. The words “expected”, “will”, “agreed” and “enable” and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters or identify forward-looking information. Forward-looking information in this news release includes statements with regard to the provisional rating on the Series 15 Preferred Shares, which is not a final rating, the use of proceeds of the offering and quarterly dividends from the Company’s portfolio of Brookfield Securities which are expected to fund quarterly fixed cumulative preferential dividends for holders of the Company’s preferred shares and to enable holders of its capital shares to participate in any capital appreciation of the Brookfield Securities. Although the Company believes that the anticipated future results or achievements expressed or implied by the forward-looking information and statements are based upon reasonable assumptions and expectations, the reader should not place undue reliance on the forward-looking information and statements because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking information and statements. Factors that could cause actual results to differ materially from those contemplated or implied by the forward-looking information and statements include: the behaviour of financial markets, including fluctuations in interest and exchange rates, availability of equity and debt financing and other risks and factors detailed from time to time in the Company’s other documents filed with the Canadian securities regulators. We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking information to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as may be required by law, the Company undertakes no obligation to publicly update or revise any forward-looking information or statements, whether written or oral, that may be as a result of new information, future events or otherwise. Reference should be made to the Company’s short form base shelf prospectus dated September 19, 2024 for a description of the major risk factors.

    The MIL Network –

    February 27, 2025
  • MIL-OSI: REMINDER: Boralex will release its 2024 fourth quarter financial results on February 28

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Feb. 26, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that the release of the 2024 fourth quarter results will take place on Friday, February 28, 2025, at 11 a.m.

    Financial analysts and investors are invited to attend a conference call during which the financial results will be presented.

    Date and time

    Friday, February 28, 2025, at 11 a.m. ET

    To attend the conference

    Webcast link: https://edge.media-server.com/mmc/p/fifq2sc5

    To attend the event by phone: Click here to register for the earnings call. Once you have completed your registration, you will receive a confirmation email containing the link and your personal PIN to connect to the call. If you lose this link and your PIN, you will be able to register again. You must register if you wish to attend the call by phone.

    Media and other interested individuals are invited to listen to the conference and view a presentation which will be broadcasted live and on a deferred basis on Boralex’s website at www.boralex.com. A full replay will also be available on Boralex’s website until February 28, 2026.

    The financial information will be released through a press release and on Boralex’s website on February 28, 2025, at 7 a.m.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3.1 GW. We are developing a portfolio of more than 7.2 GW in wind, solar projects and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.  

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, LinkedIn and Instagram.  

    For more information

    Source: Boralex inc.

    The MIL Network –

    February 27, 2025
  • MIL-OSI Security: Melfort — Melfort RCMP: have you seen Tyrell Yeo?

    Source: Royal Canadian Mounted Police

    Melfort RCMP is asking the public to report all sightings and information on the whereabouts of 30-year-old Tyrell Yeo.

    He is wanted by Melfort RCMP for charges including kidnapping, assault, break and enter, dangerous operation of a motor vehicle and mischief under $5,000 in relation to an incident on February 24 in Melfort RCMP’s detachment area. The victim reported non-life-threatening injuries to police.

    Melfort RCMP are actively working to locate and arrest him.

    He is described as approximately 5’10” and 150 lbs. He has brown hair and hazel eyes.

    If you see him, do not approach him. Contact Melfort RCMP by dialling 310-RCMP. Information can also be submitted anonymously by contacting Saskatchewan Crime Stoppers at 1-800-222-TIPS (8477) or www.saskcrimestoppers.com.

    MIL Security OSI –

    February 27, 2025
  • MIL-OSI Canada: Statement by the Prime Minister on Mahashivratri

    Source: Government of Canada – Prime Minister

    The Prime Minister, Justin Trudeau, today issued the following statement on Mahashivratri:

    “Tonight, on the eve of the new moon, Hindu communities across Canada and around the world will celebrate Mahashivratri, also known as the Great Night of Shiva.

    “One of the most important Hindu festivals, Mahashivratri is a time of reflection and new beginnings. The festival brings families, friends, and communities together to signify the triumph of light over darkness and the pursuit of a better, brighter future.

    “Canada is proud to be home to a vibrant Hindu community. On this special occasion, I encourage Canadians to learn more about Mahashivratri as well as the contributions of Canadians of Hindu faith.

    “On behalf of the Government of Canada, I wish a happy Mahashivratri to those celebrating.”

    MIL OSI Canada News –

    February 27, 2025
  • MIL-OSI Economics: The Indigenous-led solar farm redefining Alberta’s energy landscape

    Source: – Press Release/Statement:

    Headline: The Indigenous-led solar farm redefining Alberta’s energy landscape

    “Alberta needs to proceed with caution: it is counterproductive to jeopardize existing wind and solar projects,” Vittoria Bellissimo, president and CEO of CanREA, said in a December press release. “These projects were built in good faith but could fail if they cannot repay their debt, causing credit downgrades across the sector. This will raise borrowing costs for companies and ultimately increase the cost of electricity for customers.” Read more.
    The post The Indigenous-led solar farm redefining Alberta’s energy landscape appeared first on Canadian Renewable Energy Association.

    MIL OSI Economics –

    February 27, 2025
  • MIL-OSI: Applied Systems Shines in Built In’s 2025 Best Places to Work Awards

    Source: GlobeNewswire (MIL-OSI)

    Chicago, IL., Feb. 26, 2025 (GLOBE NEWSWIRE) — Applied Systems® today announced its recognition in Built In’s 2025 Best Places to Work Awards. Each year, Built In celebrates tech companies of all sizes across the U.S. that offer exceptional total rewards packages, highlighting the innovative workspaces and employee-centric programs that set them apart. Applied secured impressive rankings on Built In’s “100 Best Large Companies” and “100 Best Places to Work” lists.

    100 Best Large Companies (1,000+ employees):

    • Dallas: #18
    • Austin: #23
    • Atlanta: #29
    • Boston: #34
    • Chicago: #36

    100 Best Places to Work:

    • Dallas: #25
    • Austin: #34
    • Atlanta: #32
    • Boston: #49
    • Chicago: #61

    “Being recognized as a Best Place to Work is a testament to these companies’ commitment to building a workplace where individuals and innovation thrive,” said Maria Christopoulos Katris, founder and chief executive officer, Built In. “At Built In, we understand that great companies are powered by great teams, and this achievement showcases their dedication to fostering a culture of growth, inclusivity, and excellence. Congratulations on this well-deserved honor.”

    Built In selects its Best Places to Work winners using an algorithm that analyzes company data on compensation, benefits, remote work, DEI initiatives, and other cultural factors, reflecting the benefits most valued by tech professionals in the workplace.  

    “We are incredibly proud to be recognized in Built In’s 2025 Best Places to Work Awards,” said Bridget Penney, chief people officer, Applied Systems. “This acknowledgment reflects our commitment to our people and delivering better outcomes for each other and our customers, fostering an environment where amazing career moments are made possible.”

    # # #

    The Applied products and logos are trademarks of Applied Systems, Inc., registered in the U.S.

    About Applied Systems
    Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.

    The MIL Network –

    February 27, 2025
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