MELBOURNE, Australia, March 25, 2025 /PRNewswire/ — The Germany-headquartered global leading material handling solution provider Jungheinrich announced that they have collaborated with Toll Group to provide a customised racking solution for Toll’s new 10,000 sqm temperature-controlled healthcare facility at Melbourne’s Airport Business Park in Australia.

As the first five-star green building at Melbourne airport*, this facility is designed, and custom built to support the influenza vaccine production for adjacent CSL Seqirus manufacturing site through just-in-time services. It boasts impressive operational capabilities, including controlled ambient, cold chain as well as frozen and ultra-low frozen product storage which could handle a wide range of sensitive healthcare products with the utmost precision and care.

Toll Group Australia partnered with Jungheinrich to provide a holistic tailor-made warehouse solution that addresses their specific requirements while offering highest flexibility, quality, safety and sustainability. This solution offers 9,000+ pallet storage locations, integrating key features such as selective pallet racking, fire baffles and sprinkler systems, location labels, rack end and upright protectors, mesh decks for order picking along with a layout to suit cool room and freezers.

“Jungheinrich’s expertise in providing one-stop-shop warehousing solutions which include both racking systems and forklifts has helped us deliver a high-performance facility that supports our operations.  We are very impressed by Jungheinrich’s project management allowing for a progressive handover which enabled us to meet a hard deadline for a TGA (Therapeutic Goods Administration) inspection.” says Michael Lawrence, Senior Vice President of Healthcare, at Toll Group Australia.

By understanding Toll’s specific requirements, including their product profile, storage capacity, and throughput requirements, we provided an ideal solution, factoring in both their immediate needs and future scalability requirements. As a result, we leveraged our trusted ISO processes and expertise and delivered a safe, and high-quality warehouse solution for Toll that is compliant to AS 4084-2023 and other stringent international standards,” said Axel Knigge, Managing Director of Jungheinrich Australia & New Zealand.

The racking system is robust and flexible, which enables Toll to adapt to potential changes in product mix and volume – a common challenge in third-party logistics (3PL) environments.

The facility also incorporates fire baffle systems to meet recommended safety standards for storing healthcare products, including those with chemical components.

Jungheinrich’s racking solution enables Toll to maximise their storage density and optimise material flow within their warehouse.

*Certification in process

About Jungheinrich

As one of the world’s leading providers of material handling solutions, Jungheinrich has been advancing the development of innovative and sustainable products and solutions for material flows for more than 70 years. As a pioneer in the sector, the family-owned listed business is committed to creating the warehouse of the future. In the 2023 financial year, Jungheinrich and its workforce of more than 21,000 employees generated revenue of €5.5 billion. The global network comprises 12 production plants and service and sales companies in 42 countries. The share is listed on the MDAX. In Australia, there’re 6 branches located in Sydney, Melbourne, Adelaide, Brisbane, Townsville and Perth, supporting local Australian customers with best-in-class products, solutions and service. Visit www.Jungheinrich.com.au

About Toll Group

At Toll, we do more than just logistics – we move the businesses that move the world. Our 16,000 team members can help solve any logistics, transport or supply chain challenge – big or small. We have been supporting our customers for more than 130 years. Today, we support more than 20,000 customers worldwide with 500 sites in 29 markets, and a forwarding network spanning 150 countries. We are proudly part of Japan Post — www.tollgroup.com

For media inquiries, please contact:
Adele Zhang
Head of Marketing Oceania
Jungheinrich
Adele.Zhang@Jungheinrich.com.au
Mobile: +61 497 932 173

View original content:https://www.prnewswire.com/apac/news-releases/jungheinrich-delivers-customised-racking-solution-to-tolls-green-warehouse-in-tullamarine-melbourne-302409876.html

SOURCE Jungheinrich Australia

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled “Caution Concerning Forward-Looking Statements” later in this news release.

MONTRÉAL, March 24, 2025 /CNW/ – Bell Canada (“Bell” or the “Company”) today announced the release of the results of its previously announced five separate offers (the “Offers”) to purchase for cash the outstanding notes of the series listed in the table below (collectively, the “Notes”).

The Offers were made upon the terms and subject to the conditions set forth in the Offer to Purchase dated March 17, 2025 relating to the Notes (the “Offer to Purchase”) and the notice of guaranteed delivery attached as Appendix A thereto (together with the Offer to Purchase, the “Tender Offer Documents”). The Notes are unconditionally guaranteed as to payment of principal, interest and other obligations by BCE Inc. (“BCE”), Bell Canada’s parent company. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

The Offers expired at 5:00 p.m. (Eastern time) today, March 24, 2025 (the “Expiration Date”). The Guaranteed Delivery Date is 5:00 p.m. (Eastern time) on March 26, 2025. The Settlement Date will be March 27, 2025.

According to information provided by D.F. King & Co., Inc., the Information and Tender Agent in connection with the Offers, US$844,352,000 combined aggregate principal amount of Notes were validly tendered prior to or at the Expiration Date and not validly withdrawn. In addition, US$8,937,000 combined aggregate principal amount of Notes were tendered pursuant to the Guaranteed Delivery Procedures and remain subject to the Holders’ performance of the delivery requirements under such procedures. The table below provides certain information about the Offers, including the aggregate principal amount of each series of Notes validly tendered and not validly withdrawn at or prior to the Expiration Date and the aggregate principal amount of Notes reflected in Notices of Guaranteed Delivery delivered at or prior to the Expiration Date pursuant to the Tender Offer Documents.

Overall, US$844,352,000 aggregate principal amount of Notes have been accepted for purchase, excluding the Notes delivered pursuant to the Guaranteed Delivery Procedures. A condition of the Offers is that the aggregate Total Consideration payable for Notes purchased in the Offers shall not exceed US$750,000,000 (the “Maximum Purchase Amount”) and that the Maximum Purchase Amount is sufficient to pay the Total Consideration for all validly tendered and not validly withdrawn Notes of a series (after accounting for all validly tendered Notes that have a higher Acceptance Priority Level) (the “Maximum Purchase Condition”). The Maximum Purchase Condition has been satisfied with respect to the Offers for all the series of Notes. Accordingly, all Notes that have been validly tendered and not validly withdrawn at or prior to the Expiration Date have been accepted for purchase. 

Upon the terms and subject to the conditions set forth in the Offer to Purchase, Holders whose Notes have been accepted for purchase in the Offers will receive the applicable Total Consideration specified in the table above for each US$1,000 principal amount of such Notes, which will be payable in cash on the Settlement Date.

In addition to the applicable Total Consideration, Holders whose Notes have been accepted for purchase will be paid the Accrued Coupon Payment. Interest will cease to accrue on the Settlement Date for all Notes accepted in the Offers, including those tendered pursuant to the Guaranteed Delivery Procedures. Under no circumstances will any interest be payable because of any delay in the transmission of funds to Holders by the Depository Trust Company (“DTC”) or its participants.

The Company has retained RBC Capital Markets, LLC, Mizuho Securities USA LLC and Wells Fargo Securities, LLC to act as lead dealer managers and BMO Capital Markets Corp., BofA Securities, Inc., TD Securities (USA) LLC, Scotia Capital (USA) Inc., CIBC World Markets Corp., Desjardins Securities Inc., National Bank of Canada Financial Inc., Citigroup Global Markets Inc., SMBC Nikko Securities America, Inc. and Barclays Capital Inc. to act as co-dealer managers (collectively, the “Dealer Managers”) for the Offers. Questions regarding the terms and conditions for the Offers should be directed to RBC Capital Markets, LLC at +1 (877) 381-2099 (toll-free) or +1 (212) 618-7843 (collect), Mizuho Securities USA LLC at +1 (866) 271-7403 (toll-free) or +1 (212) 205-7741 (collect) or Wells Fargo Securities, LLC at +1 (866) 309-6316 (toll-free) or +1 (704) 410-4235 (collect).

D.F. King & Co., Inc. is acting as the Information and Tender Agent for the Offers. Questions or requests for assistance related to the Offers or for additional copies of the Offer to Purchase may be directed to D.F. King & Co., Inc. in New York by telephone at +1 (212) 269-5550 (for banks and brokers only) or +1 (800) 967-5084 (for all others toll-free), or by email at bell@dfking.com. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers. The Tender Offer Documents can be accessed at the following link: www.dfking.com/bell.

If the Company terminates any Offer with respect to one or more series of Notes, it will give prompt notice to the Information and Tender Agent, and all Notes tendered pursuant to such terminated Offer will be returned promptly to the tendering Holders thereof. Upon such termination, any Notes blocked in DTC will be released.

This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to sell any Notes or any other securities of BCE, the Company or any of their subsidiaries. The Offers were made solely pursuant to the Offer to Purchase. The Offers were not made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, “blue sky” or other laws of such jurisdiction. In any jurisdiction in which the securities or “blue sky” laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to have been made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

No action has been or will be taken in any jurisdiction that would permit the possession, circulation or distribution of either this announcement, the Offer to Purchase or any material relating to us or the Notes in any jurisdiction where action for that purpose is required. Accordingly, neither this announcement, the Offer to Purchase nor any other offering material or advertisements in connection with the Offers may be distributed or published, in or from any such country or jurisdiction, except in compliance with any applicable rules or regulations of any such country or jurisdiction.

Forward-looking Statements

Certain statements made in this news release are forward-looking statements, including, but not limited to statements regarding settlement of the Offers. All such forward-looking statements are made pursuant to the “safe harbour” provisions of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. These statements are not guarantees of future performance or events and we caution you against relying on any of these forward-looking statements. The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release. Forward-looking statements are provided herein for the purpose of giving information about the Offers referred to above. Readers are cautioned that such information may not be appropriate for other purposes.

About Bell

Bell is Canada’s largest communications company,1 providing advanced broadband Internet, wireless, TV, media and business communication services. Founded in Montréal in 1880, Bell is wholly owned by BCE. To learn more, please visit Bell.ca or BCE.ca.

Through Bell for Better we are investing to create a better today and a better tomorrow by supporting the social and economic prosperity of our communities. This includes the Bell Let’s Talk initiative, which promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let’s Talk Day and significant Bell funding of community care and access, research and workplace leadership initiatives throughout the country. To learn more, please visit Bell.ca/LetsTalk.

Media Inquiries:
Ellen Murphy
media@bell.ca 

Investor Inquiries:
Richard Bengian
richard.bengian@bell.ca

View original content:https://www.prnewswire.com/news-releases/bell-announces-results-of-its-cash-tender-offers-for-five-series-of-debt-securities-302409880.html

SOURCE Bell Canada (MTL)

In a region with strong adoption of alternative payment methods, credit cards maintain their strong traction through digital players, now accounting for up to 41% of online card transactions

CURITIBA, Brazil, March 25, 2025 /PRNewswire/ — Digital-first financial companies have become key drivers behind cards’ sustained presence and growth in rising economies, where alternative payment methods (APMs) have been growing substantially. According to internal data from EBANX, a global Payment Service Provider (PSP) that specializes in APMs and card processing for emerging markets and has already processed transactions for nearly 70% of Brazil’s credit cardholders, fintech companies and digital players now account for 41% of the total value transacted through credit cards for online purchases in Brazil, the largest market in Latin America. This trend is gaining traction in other countries across the region, mainly Colombia (21%) and Argentina (19%), where digital banking expansion and intense fintech activity are pushing card issuance.

“This is a clear indication of how the fast and massive adoption of alternative payment channels by consumers in emerging countries is also influencing the credit card industry in these regions,” says João Del Valle, CEO and Co-founder of EBANX. “E-wallets and other real-time payments like Pix, in Brazil, and PSE, in Colombia, have raised the bar and driven innovation across all segments, including credit cards. These digital solutions have pushed traditional payment methods to evolve and adapt to meet modern consumer expectations.”

Fintechs and neobanks’ key contributions to the credit card market include user-friendly platforms, reward programs, and enhanced customer experiences that have reshaped how consumers engage with card payments. As a result, these institutions now have nearly the same reach as the major traditional banks in emerging markets.

According to the Central Bank of Brazil, the user base of fintech and neobanks jumped from 25 million individuals to 100 million in three years. Four out of ten of these people are credit card holders, a group that has tripled in size in the country since 2019, led by digital players. As Brazil has seen a rapid transformation in digital financial services, other emerging markets are also experiencing an increase in credit card ownership. EBANX’s latest edition of Beyond Borders shows that 46% of adults in these countries already have credit cards, according to data from the World Bank.

Though this penetration rate is lower than in more mature markets, like Japan (70%) and South Korea (68%), the expansion is notable, and the card market has room to grow even further in rising economies. In Brazil and Argentina, for example, the rates of credit card ownership among adults stand at 40% and 29%, respectively, after having grown from 29% and 22% over 10 years, according to the World Bank.

The expansion of credit cards in these regions is closely linked to their sustained position as one of the leaders in e-commerce across emerging markets. These methods accounted for a USD 270 billion share of Latin America’s e-commerce last year, or 42% of the total sales volume, per data from Payments and Commerce Market Intelligence (PCMI) in Beyond Borders, and are expected to reach nearly USD 380 billion by 2027, after growing at a 13% CAGR.

Credit cards’ sustained position in e-commerce growth walks along with the increasing need for seamless transaction solutions, especially for cross-border e-commerce. With its deep experience processing payments for global businesses in these markets, EBANX has witnessed firsthand and played an active role in this evolution. The company helps APAC merchants grow their consumer base by offering local payment solutions adapted to local consumer behavior – including card payment methods of local card schemes.

What’s next in credit cards

Incumbent banks have followed in the footsteps of digital-first financial institutions and are also investing in innovations further to advance the online purchasing experience in rising economies. Consumers are the ultimate beneficiaries, gaining access to more straightforward and secure checkout systems, such as click-to-pay technology, which reduces the number of clicks needed to complete a purchase, improving convenience and efficiency.

Network tokenization stands out as another prime example, as it replaces sensitive card data with encrypted identifiers for each transaction, reducing fraud risk without compromising approval rates. Additionally, the technology lowers fraud-related declines and enhances the overall quality of transactions. In tests conducted by EBANX in Brazil, network tokens reduced the decline of transactions by more than 86% due to card security issues.  Furthermore, the adoption of network tokens led to an increase of up to 7 percentage points in overall approval rates for online retail merchants and up to 5 percentage points for subscription-based merchants.

“In today’s dynamic payments landscape, the focus isn’t on opposing Pix or e-wallets to cards or choosing between traditional and new payment methods,” explains Del Valle. “Instead, it’s about expanding opportunities and creating an ecosystem where different payment solutions can coexist and complement each other, ultimately providing consumers with more choices and better experiences in their digital transactions.”

Debit cards in emerging markets

While credit cards account for approximately 80% of online purchases in emerging markets, according to data from Payments and Commerce Market Intelligence (PCMI) in Beyond Borders, debit cards have become an important avenue for attracting new online customers in countries like Peru, Mexico, and South Africa. Especially in markets where access to credit is more restricted, financial inclusion has catapulted the usage of debit cards, which are linked to existing account balances, and brought new consumers into e-commerce.

Peru exemplifies this pattern, where 60% of first-time online shoppers use debit cards, according to EBANX’s internal data. In Mexico, this figure reaches 55%. Not surprisingly, in these two countries, debit cards account for a larger share of online transaction volume than credit cards, at 49% compared to 27% in Peru and 38% versus 31% in Mexico. “However, it’s worth noting that this share will likely decrease in some key economies from emerging markets such as Brazil and Colombia as alternative payment methods mature in these countries,” reflects Del Valle. In Brazil, where Pix holds 40% of the online sales volume, debit cards now account for only 1% of digital commerce transaction value.

ABOUT EBANX

EBANX is the leading payment platform connecting global businesses to the world’s fastest-growing digital markets. Founded in 2012 in Brazil, EBANX was built with a mission to expand access to international digital commerce. Leveraging proprietary technology, deep market expertise, and robust infrastructure, EBANX enables global companies to offer hundreds of local payment methods across Latin America, Africa, and Asia. More than just payments, EBANX drives growth, enhances sales, and delivers seamless purchase experiences for businesses and consumers alike.

For further information, please visit:
Website: https://www.ebanx.com/en/
LinkedIn: https://www.linkedin.com/company/ebanx

Media Contact:
Shan Huang
shan.huang@ahgstrategies.com 

View original content:https://www.prnewswire.com/apac/news-releases/digital-players-are-transforming-credit-card-transactions-in-latin-americas-e-commerce-reveals-ebanx-302408689.html

SOURCE EBANX PTE. Ltd.