AMSTERDAM: Arcadis announced the start of a share buyback program to repurchase up to 1.85 million shares to cover existing obligations under employee incentive plans and to cover commitments for stock dividend. The intention to launch this buyback program was announced in the press release of the full year results 2020, published on 18 February…
Aker, Yara Statkraft to establish Europe’s first large-scale green ammonia project in Norway
OSLO: Aker Horizons AS has signed a Letter of Intent with Statkraft AS and Yara International ASA to establish Europe’s first industrial-scale green ammonia project in Norway, a news release said. The first project in the partnership will be to electrify Yara’s existing ammonia facility in Porsgrunn, which has the potential to be one of…
Supermarket Income REIT announces acquisition
LONDON: Supermarket Income REIT announced the acquisition of a further stake in the beneficial interest in one of the UK’s largest portfolios of supermarket properties from an Aviva Investors managed fund. The 25.5% beneficial interest has been acquired through the Company’s existing 50:50 joint venture (the “JV”) with British Airways Pension Trustees Limited (“BAPTL”). The…
Mycelx Technologies sells property in Duluth, Georgia
LONDON: Mycelx Technologies Corporation announced the sale of its building in Duluth, Georgia, USA. This sale will enable the Company to right-size its office space needs across its three operating locations. The Company will receive a cash consideration of $5.4 million. The Company has a debt obligation of circa $2.62 million on the property, so…
Kohat Cement to setup cement manufacturing facility ,coal-fired power plant with a cost of Rs30 billion
KARACHI: Kohat Cement Company Limited has announced setting up of 7,800 – 10,000 tpd Cement Manufacturing Plant along with 8-10 MW Waste Heat Recovery and 25MW Coal Fired Power Plants in Punjab. The estimated cost of the project is Rs30 billion, which shall be financed through mix of debt and equity and it is expected…
Circa Group contemplates milestone capital raise and listing on Euronext Growth
OSLO: Circa Group AS is contemplating capital raise of up to NOK 500 million in addition to a NOK 75 million over-allotment option, with listing on Euronext Growth in Oslo on or about 2 March 2021, a news release said. Norske Skog has pre-committed to invest NOK 50 million in the capital raise and has…
Total Produce to combine with Dole Food Company and become publicly listed in U.S.
LONDON: Total Produce plc, Dole Food Company and affiliates of Castle & Cooke (C&C) have entered into a binding transaction agreement to combine under a newly created, U.S. listed company, Dole plc. The Transaction will simplify the existing structure between the two companies by unifying Dole and Total Produce under common ownership, with the objective…
William L. Kozyra retiring as President & CEO of TI Fluid Systems
LONDON: TI Fluid Systems plc announced that William L. Kozyra will retire as President and Chief Executive Officer and step down from the Board of Directors in the fourth quarter of this year. Hans Dieltjens will take on the role of Chief Operating Officer effective 1 March 2021 as a transitional step towards becoming Chief…
Supermarket Income REIT buys Sainsbury’s supermarket in Northern Ireland for £24.8 million
LONDON: Supermarket Income REIT announced the acquisition of a Sainsbury’s supermarket in Bangor, County Down, Northern Ireland, from John Morgan Estates Limited. Developed in 2011, this prominent 10-acre site comprises a modern 44,000 sq ft net sales area supermarket with 650 parking spaces and an 8-pump petrol filling station. The supermarket has been acquired with…
Ariana Resources completes joint venture with Özaltin Holding and Proccea Construction
LONDON: Ariana Resources plc announced the completion of its transformational joint venture with Özaltin Holding A.S. and Proccea Construction Co. following the satisfaction of all conditions precedent. Expanded joint venture with Özaltin and Proccea involves the partial disposal of the company’s interests in Turkey in exchange for US$37.75 million in cash before costs and taxation…
PetroTal completes $100 Million senior secured bond issue
CALGARY: PetroTal Corp. announced that on February 16, 2021 it completed the issuance of the $100 million issue of senior secured bonds, previously announced on February 2, 2021. The new bond issue will be PetroTal’s only interest bearing debt and will be used to retire the existing derivative liability with Petroperu, continue development of the…
Signature Aviation sells ERO business to StandardAero for $230 million
LONDON: Signature Aviation plc has reached agreement with StandardAero on the terms of the sale of the Engine Repair and Overhaul (ERO) business for $230 million subject to customary adjustments for net debt, net working capital and transaction expenses, a news release said. ERO is a leading engine service provider to global business and general…