NEW YORK: Madison Realty Capital, a New York City based real estate private equity firm, has provided $53 million in construction financing to Heritage Equity Partners, led by Toby Moskovits and Michael Lichtenstein, for a 150-unit ground-up multifamily development. The project is located at 875 4th Avenue between 32nd and 33rd Streets, in “South Park…
NEPRA unveils its CSR initiative “Power with Prosperity”
ISLAMABAD: In a bid to introduce an inclusive development model in the power sector of Pakistan, National Electric Power Regulatory Authority (NEPRA) has envisioned developing a Corporate Social Responsibility (CSR) culture with its drive of “Power with Prosperity”. Speaking at a webinar, Chairman NEPRA, Tauseef H. Farooqi saif authority was proactively working on an inclusive…
DNO ASA receives 10 licenses in Norway’s APA Licensing Round
OSLO: DNO ASA, the Norwegian oil and gas operator, today announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 10 exploration licenses, of which 4 are operatorships, under Norway’s Awards in Predefined Areas (APA) 2020 licensing round. Of the 10 new licenses, six are in the North Sea and four in…
Lundin energy awarded 19 licences in the Norwegian licensing round
OSLO: Lundin Energy AB announces that its wholly owned subsidiary Lundin Energy Norway AS (together Lundin Energy), has been awarded a total of 19 exploration licence interests in the 2020 Awards in Predefined Areas (APA) licensing round, in Norway. The award includes 15 licences in the North Sea, two licences in the Norwegian Sea and…
Icelandair Group initiates sales process for Iceland Travel
STOCKHOLM: Icelandair Group has decided to initiate a process to sell its subsidiary Iceland Travel. The decision is made in line with Icelandair Group’s strategy to focus on its flight operations, its core business. During the sales process, the objective will be to maximize the value of the company, while at the same time preserving…
Aker BP awarded 10 licenses in APA 2020
OSLO: Aker BP has been offered interests in 10 new production licenses in Norway, of which 8 as operator, through the Awards in pre-defined areas (APA 2020) licensing round. Of the 10 production licenses awarded to Aker BP, 7 are located in the North Sea (all as operator) and 3 in the Norwegian Sea (1…
OKEA ASA portfolio expands through six licence awards in APA 2020
TRONDHEIM, NORWAY: OKEA ASA has been awarded six new production licences on the Norwegian Continental Shelf by the Ministry of Petroleum and Energy under the Award in Pre-Defined Areas (APA) for 2020. The awarded licences include exploration and field development opportunities near the important Draugen and Gjøa production hubs as well as other new areas….
Petrolia NOCO awarded licenses in APA 2020
LIMASSOL: Petrolia NOCO (49.9% owned by Petrolia SE) was awarded three licenses today by the Norwegian Ministry of Petroleum and Energy. The licenses (PL 1106 20%, PL 1107 30%) are located in the northern North Sea and one operated license (PL 1013 B 60%) in the Norwegian Sea. The addition of these licenses to Petrolia…
Municipality Finance issues $1.5 billion benchmark under MTN programme
HELSINKI: Municipality Finance Plc issues USD 1.5 billion benchmark on 20 January 2021. The maturity date of the benchmark is 20 March 2026. The benchmark bears interest at a fixed rate of 0.625 % per annum. The benchmark is issued under MuniFin’s EUR 40 billion programme for the issuance of debt instruments. The offering circular…
Aker Horizons acquires 75% stake in Mainstream Renewable Power for EUR 900 million
OSLO: Aker ASA announced that its wholly owned subsidiary, Aker Horizons AS has agreed to acquire 75 percent of Mainstream Renewable Power, a leading independent renewable energy company within onshore and offshore wind and solar. The Transaction values the current equity of Mainstream at EUR 900 million on a 100 percent basis and gives Aker…
Glencore signs contract to sell underlying stake of 73% in Mopani in $1.5bn transaction
LONDON: Glencore Plc announced that its subsidiary Carlisa Investments Corp., has signed an agreement with ZCCM Investments Holding plc to transfer its 90% interest in Mopani Copper Mines plc to ZCCM, the owner of the remaining 10% interest in Mopani, for US$1 and the Transaction Debt. Completion of the sale is conditional on receipt of…
IDEX Biometrics adds another global payment network
OSLO: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has entered into a strategic engagement with an additional US-based global payment network scheme, a news release said. IDEX is working with this partner to actively engage with card issuers. This is the third payment network to partner with IDEX to…